{"id":10775,"date":"2026-09-22T06:00:00","date_gmt":"2026-09-21T21:00:00","guid":{"rendered":"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l1-fi-lm10\/"},"modified":"2026-09-22T07:03:02","modified_gmt":"2026-09-21T22:03:02","slug":"cfa-l1-fi-lm10","status":"publish","type":"post","link":"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l1-fi-lm10\/","title":{"rendered":"\u3010CFA\u00ae\ufe0e L1 Fixed Income LM10\u3011Interest Rate Risk and Return \u3092\u8981\u70b9\u89e3\u8aac\uff5c\u30ea\u30bf\u30fc\u30f3\u306e\u6e90\u6cc9\u30fb\u518d\u6295\u8cc7\u30ea\u30b9\u30af\u30fb\u4fa1\u683c\u30ea\u30b9\u30af\u30fb\u30de\u30b3\u30fc\u30ec\u30fc\u30fb\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3"},"content":{"rendered":"<style>\n.cfalm-los{counter-reset:los;list-style:none;padding:0!important;margin:1em 0!important}\n.cfalm-los li{border:1px solid #d5d9e3;border-left:4px solid #172152;border-radius:4px;padding:.8em 1em!important;margin:0 0 .8em!important;background:#fff}\n.cfalm-los li::before{display:none!important;content:none!important}\n.cfalm-los .ja{display:block;font-weight:bold;color:#172152;line-height:1.6}\n.cfalm-los .en{display:block;font-size:.85em;color:#667;margin-top:.3em;line-height:1.5;word-break:normal!important;overflow-wrap:anywhere}\n.cfalm-sum{background:#f6f7fb;border-radius:6px;padding:1em 1.2em!important;margin:1em 0!important;list-style:none!important}\n.cfalm-sum li{position:relative;margin:.4em 0!important;padding:0 0 0 1.1em!important;line-height:1.7;list-style:none!important}.cfalm-sum li::before{content:\"\"!important;display:block!important;position:absolute!important;left:0!important;top:.7em!important;width:6px!important;height:6px!important;border-radius:50%!important;background:#172152!important;border:none!important;transform:none!important}\n.cfalm-f{background:#f6f7fb;border-left:4px solid #172152;padding:.7em 1em;margin:.8em 0;font-family:\"Menlo\",\"Consolas\",monospace;font-size:.95em;overflow-x:auto}\n.cfalm-nav{background:#f6f7fb;padding:1em 1.2em;border-radius:6px;margin:1em 0;word-break:normal;overflow-wrap:anywhere}\n<\/style>\n<div class=\"box05\">\n<p>Learning Module 10\u300cInterest Rate Risk and Return\uff08\u91d1\u5229\u30ea\u30b9\u30af\u3068\u30ea\u30bf\u30fc\u30f3\uff09\u300d\u306f\u3001\u56fa\u5b9a\u5229\u4ed8\u50b5\u306e\u30ea\u30bf\u30fc\u30f3\u306e3\u3064\u306e\u6e90\u6cc9\u3001\u4fdd\u6709\u671f\u9593\u30ea\u30bf\u30fc\u30f3\u3068\u6295\u8cc7\u671f\u9593\u30fb\u30de\u30b3\u30fc\u30ec\u30fc\u30fb\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u306e\u95a2\u4fc2\uff08\u518d\u6295\u8cc7\u30ea\u30b9\u30af\u3068\u4fa1\u683c\u30ea\u30b9\u30af\u306e\u76f8\u6bba\uff09\u3001\u305d\u3057\u3066\u30de\u30b3\u30fc\u30ec\u30fc\u30fb\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u306e\u5b9a\u7fa9\u3068\u8a08\u7b97\u3092\u6271\u3046\u5358\u5143\u3067\u3059\u3002<\/p>\n<p>\u672c\u8a18\u4e8b\u3067\u306f\u3001\u6700\u65b0\u7248\u30ab\u30ea\u30ad\u30e5\u30e9\u30e0\u306eLOS\uff08Learning Outcome Statement\uff09\u3068\u3001\u3053\u306e\u5358\u5143\u306e\u91cd\u8981\u8ad6\u70b9\u3092\u65e5\u672c\u8a9e\u3067\u6574\u7406\u3057\u307e\u3057\u305f\u3002<\/p>\n<\/div>\n<h2>LM10\u306eLOS\uff08\u5b66\u7fd2\u76ee\u6a19\uff09<\/h2>\n<p>LOS\u306f\u3001\u3053\u306e\u5358\u5143\u3067\u300c\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308b\u3079\u304d\u3053\u3068\u300d\u3068\u3057\u3066\u793a\u3055\u308c\u3066\u3044\u308b\u5b66\u7fd2\u76ee\u6a19\u3067\u3059\u3002LM10\u306b\u306f3\u3064\u306eLOS\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<ol class=\"cfalm-los\">\n<li><span class=\"ja\">LOS 1\uff1a\u56fa\u5b9a\u5229\u4ed8\u50b5\u3078\u306e\u6295\u8cc7\u304b\u3089\u5f97\u3089\u308c\u308b\u30ea\u30bf\u30fc\u30f3\u306e\u6e90\u6cc9\u3092\u8a08\u7b97\u30fb\u89e3\u91c8\u3059\u308b<\/span><span class=\"en\">calculate and interpret the sources of return from investing in a fixed-rate bond;<\/span><\/li>\n<li><span class=\"ja\">LOS 2\uff1a\u50b5\u5238\u306e\u4fdd\u6709\u671f\u9593\u30ea\u30bf\u30fc\u30f3\u3001\u30de\u30b3\u30fc\u30ec\u30fc\u30fb\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u3001\u6295\u8cc7\u671f\u9593\u306e\u95a2\u4fc2\u3092\u8aac\u660e\u3059\u308b<\/span><span class=\"en\">describe the relationships among a bond\u2019s holding period return, its Macaulay duration, and the investment horizon;<\/span><\/li>\n<li><span class=\"ja\">LOS 3\uff1a\u30de\u30b3\u30fc\u30ec\u30fc\u30fb\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u3092\u5b9a\u7fa9\u30fb\u8a08\u7b97\u30fb\u89e3\u91c8\u3059\u308b<\/span><span class=\"en\">define, calculate, and interpret Macaulay duration.<\/span><\/li>\n<\/ol>\n<h2>LM10\u306e\u307e\u3068\u3081<\/h2>\n<p>\u3053\u306e\u5358\u5143\u306e\u8981\u70b9\u3092\u307e\u3068\u3081\u308b\u3068\u3001\u6b21\u306e\u3068\u304a\u308a\u3067\u3059\u3002<\/p>\n<ul class=\"cfalm-sum\">\n<li>\u56fa\u5b9a\u5229\u4ed8\u50b5\u306e\u6295\u8cc7\u5bb6\u306e\u30ea\u30bf\u30fc\u30f3\u306e\u6e90\u6cc9\u306f\u3001\uff081\uff09\u30af\u30fc\u30dd\u30f3\u3068\u5143\u672c\u306e\u53d7\u53d6\u308a\u3001\uff082\uff09\u30af\u30fc\u30dd\u30f3\u306e\u518d\u6295\u8cc7\u3001\uff083\uff09\u6e80\u671f\u524d\u306b\u58f2\u5374\u3057\u305f\u5834\u5408\u306e\u58f2\u5374\u640d\u76ca\u306e3\u3064<\/li>\n<li>\u56fa\u5b9a\u5229\u4ed8\u50b5\u6295\u8cc7\u306e\u30ea\u30bf\u30fc\u30f3\u306f\u3001\u4fdd\u6709\u671f\u9593\u3001\u53d7\u3051\u53d6\u3063\u305f\u30af\u30fc\u30dd\u30f3\u306e\u5c06\u6765\u4fa1\u5024\u3001\u58f2\u5374\u4fa1\u683c\u3001\u8cfc\u5165\u4fa1\u683c\u3092\u7528\u3044\u3066\u3001\u8907\u5229\u306e\u5e74\u7387\u30ea\u30bf\u30fc\u30f3\u3068\u3057\u3066\u6c42\u3081\u308b<\/li>\n<li>\u3059\u3079\u3066\u306e\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u304c\u4e88\u5b9a\u3069\u304a\u308a\u53d7\u3051\u53d6\u3089\u308c\u3001\u30af\u30fc\u30dd\u30f3\u304cYTM\u3068\u540c\u3058\u5229\u7387\u3067\u518d\u6295\u8cc7\u3055\u308c\u3001\u6e80\u671f\u307e\u3067\u4fdd\u6709\u3057\u305f\u5834\u5408\u3001\u5e74\u7387\u306e\u5b9f\u73fe\u30ea\u30bf\u30fc\u30f3\u306fYTM\u3068\u4e00\u81f4\u3059\u308b\u3002\u3044\u305a\u308c\u304b\u306e\u524d\u63d0\u304c\u5d29\u308c\u308b\u3068\u30ea\u30bf\u30fc\u30f3\u306f\u5909\u308f\u308b<\/li>\n<li>\u518d\u6295\u8cc7\u30ea\u30b9\u30af\u3068\u4fa1\u683c\u30ea\u30b9\u30af\u306f\u3069\u3061\u3089\u3082\u91d1\u5229\u30ea\u30b9\u30af\u3067\u3001\u9006\u65b9\u5411\u306b\u50cd\u304f\u3002\u91d1\u5229\u4f4e\u4e0b\u6642\u306b\u306f\u518d\u6295\u8cc7\u53ce\u76ca\u304c\u6e1b\u308a\u3001\u91d1\u5229\u4e0a\u6607\u6642\u306b\u306f\u4fa1\u683c\u304c\u4e0b\u843d\u3059\u308b<\/li>\n<li>\u6295\u8cc7\u671f\u9593\u304c\u9577\u3044\u307b\u3069\u3001\u4fa1\u683c\u30ea\u30b9\u30af\u306b\u6bd4\u3079\u3066\u518d\u6295\u8cc7\u30ea\u30b9\u30af\u306e\u91cd\u8981\u6027\u304c\u5897\u3059\u3002\u6295\u8cc7\u671f\u9593\u304c\u30de\u30b3\u30fc\u30ec\u30fc\u30fb\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u3068\u7b49\u3057\u3051\u308c\u3070\u3001\u4e21\u8005\u306f\u4e92\u3044\u306b\u76f8\u6bba\u3055\u308c\u308b<\/li>\n<li>\u30de\u30b3\u30fc\u30ec\u30fc\u30fb\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u306f\u3001\u5404\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u73fe\u5728\u4fa1\u5024\u304c\u30d5\u30eb\u30fb\u30d7\u30e9\u30a4\u30b9\u306b\u5360\u3081\u308b\u5272\u5408\u3092\u30a6\u30a8\u30a4\u30c8\u3068\u3057\u305f\u3001\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u53d7\u53d6\u6642\u70b9\u306e\u52a0\u91cd\u5e73\u5747<\/li>\n<li>\u6295\u8cc7\u671f\u9593\u304c\u30de\u30b3\u30fc\u30ec\u30fc\u30fb\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u3088\u308a\u9577\u3044\uff08\u77ed\u3044\u3001\u7b49\u3057\u3044\uff09\u3068\u304d\u3001\u30af\u30fc\u30dd\u30f3\u306e\u518d\u6295\u8cc7\u30ea\u30b9\u30af\u306f\u4fa1\u683c\u30ea\u30b9\u30af\u3088\u308a\u5927\u304d\u3044\uff08\u5c0f\u3055\u3044\u3001\u7b49\u3057\u3044\uff09<\/li>\n<\/ul>\n<p>\u4ee5\u4e0b\u3001LOS\u3054\u3068\u306b\u91cd\u8981\u8ad6\u70b9\u3092\u6574\u7406\u3057\u307e\u3059\u3002<\/p>\n<h3>LOS 1\uff1a\u56fa\u5b9a\u5229\u4ed8\u50b5\u306e\u30ea\u30bf\u30fc\u30f3\u306e\u6e90\u6cc9<\/h3>\n<p>\u56fa\u5b9a\u5229\u4ed8\u50b5\u306e\u30ea\u30bf\u30fc\u30f3\u306f\u3001<strong>\u30af\u30fc\u30dd\u30f3\u3068\u5143\u672c\u306e\u53d7\u53d6\u308a\u30fb\u30af\u30fc\u30dd\u30f3\u306e\u518d\u6295\u8cc7\u53ce\u76ca\u30fb\u58f2\u5374\u640d\u76ca<\/strong>\u306e3\u3064\u304b\u3089\u751f\u307e\u308c\u307e\u3059\u3002\u671f\u672b\u306b\u624b\u5143\u306b\u3042\u308b\u7dcf\u984d\uff08\u518d\u6295\u8cc7\u5f8c\u306e\u30af\u30fc\u30dd\u30f3\u306e\u5c06\u6765\u4fa1\u5024\uff0b\u58f2\u5374\u4fa1\u683c\uff09\u3068\u8cfc\u5165\u4fa1\u683c\u304b\u3089\u3001\u8907\u5229\u306e\u5e74\u7387\u30ea\u30bf\u30fc\u30f3\u3092\u6c42\u3081\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u6e80\u671f\u4fdd\u6709\u30fb\u4e88\u5b9a\u3069\u304a\u308a\u306e\u5143\u5229\u91d1\u53d7\u53d6\u308a\u30fbYTM\u3067\u306e\u518d\u6295\u8cc7\u306e3\u6761\u4ef6\u304c\u305d\u308d\u3048\u3070\u5b9f\u73fe\u30ea\u30bf\u30fc\u30f3\uff1dYTM<\/li>\n<li>\u8cfc\u5165\u5f8c\u306b\u91d1\u5229\u304c\u4e0a\u304c\u308b\u3068\u518d\u6295\u8cc7\u53ce\u76ca\u306f\u5897\u3048\u308b\u304c\u3001\u6e80\u671f\u524d\u306e\u58f2\u5374\u4fa1\u683c\u306f\u4e0b\u304c\u308b<\/li>\n<li>\u8cfc\u5165\u5f8c\u306b\u91d1\u5229\u304c\u4e0b\u304c\u308b\u3068\u58f2\u5374\u4fa1\u683c\u306f\u4e0a\u304c\u308b\u304c\u3001\u518d\u6295\u8cc7\u53ce\u76ca\u306f\u6e1b\u308b<\/li>\n<li>\u30ad\u30e3\u30d4\u30bf\u30eb\u30fb\u30b2\u30a4\u30f3\uff0f\u30ed\u30b9\u306f\u3001\u8cfc\u5165\u6642\u306eYTM\u306b\u57fa\u3065\u304f\u511f\u5374\u5f8c\u306e\u7c3f\u4fa1\uff08\u30ad\u30e3\u30ea\u30f3\u30b0\u30fb\u30d0\u30ea\u30e5\u30fc\uff09\u3068\u58f2\u5374\u4fa1\u683c\u306e\u5dee\u3067\u6e2c\u308b<\/li>\n<\/ul>\n<div class=\"cfalm-f\">\u5b9f\u73fe\u30ea\u30bf\u30fc\u30f3 r = (\u671f\u672b\u7dcf\u984d \u00f7 \u8cfc\u5165\u4fa1\u683c)^(1\/n) \u2212 1<\/div>\n<h3>LOS 2\uff1a\u4fdd\u6709\u671f\u9593\u30ea\u30bf\u30fc\u30f3\u30fb\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u30fb\u6295\u8cc7\u671f\u9593\u306e\u95a2\u4fc2<\/h3>\n<p><strong>\u518d\u6295\u8cc7\u30ea\u30b9\u30af<\/strong>\u3068<strong>\u4fa1\u683c\u30ea\u30b9\u30af<\/strong>\u306f\u91d1\u5229\u5909\u5316\u306b\u5bfe\u3057\u3066\u9006\u65b9\u5411\u306b\u50cd\u304d\u307e\u3059\u3002\u6295\u8cc7\u671f\u9593\u304c\u9577\u3044\u307b\u3069\u518d\u6295\u8cc7\u30ea\u30b9\u30af\u304c\u3001\u77ed\u3044\u307b\u3069\u4fa1\u683c\u30ea\u30b9\u30af\u304c\u652f\u914d\u7684\u306b\u306a\u308a\u3001<strong>\u6295\u8cc7\u671f\u9593\uff1d\u30de\u30b3\u30fc\u30ec\u30fc\u30fb\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3<\/strong>\u306e\u3068\u304d\u3001\u5c0f\u3055\u306a\u91d1\u5229\u306e\u5e73\u884c\u79fb\u52d5\u306b\u5bfe\u3057\u3066\u4e21\u8005\u304c\u307b\u307c\u76f8\u6bba\u3055\u308c\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u6295\u8cc7\u671f\u9593\uff1e\u30de\u30b3\u30fc\u30ec\u30fc\u30fb\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\uff1a\u518d\u6295\u8cc7\u30ea\u30b9\u30af\u304c\u512a\u4f4d\uff08\u91d1\u5229\u4f4e\u4e0b\u304c\u4e0d\u5229\uff09<\/li>\n<li>\u6295\u8cc7\u671f\u9593\uff1c\u30de\u30b3\u30fc\u30ec\u30fc\u30fb\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\uff1a\u4fa1\u683c\u30ea\u30b9\u30af\u304c\u512a\u4f4d\uff08\u91d1\u5229\u4e0a\u6607\u304c\u4e0d\u5229\uff09<\/li>\n<li>\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u30fb\u30ae\u30e3\u30c3\u30d7 \uff1d \u30de\u30b3\u30fc\u30ec\u30fc\u30fb\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3 \u2212 \u6295\u8cc7\u671f\u9593<\/li>\n<li>\u6295\u8cc7\u671f\u9593\u3068\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u3092\u4e00\u81f4\u3055\u305b\u308b\u3053\u3068\u304c\u30a4\u30df\u30e5\u30cb\u30bc\u30fc\u30b7\u30e7\u30f3\uff08\u514d\u75ab\u5316\uff09\u306e\u8003\u3048\u65b9\u306e\u57fa\u790e<\/li>\n<\/ul>\n<div class=\"cfalm-f\">\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u30fb\u30ae\u30e3\u30c3\u30d7 = \u30de\u30b3\u30fc\u30ec\u30fc\u30fb\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3 \u2212 \u6295\u8cc7\u671f\u9593<\/div>\n<h3>LOS 3\uff1a\u30de\u30b3\u30fc\u30ec\u30fc\u30fb\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u306e\u5b9a\u7fa9\u3068\u8a08\u7b97<\/h3>\n<p><strong>\u30de\u30b3\u30fc\u30ec\u30fc\u30fb\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3<\/strong>\u306f\u3001\u5404\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u53d7\u53d6\u6642\u70b9\u3092\u3001\u305d\u306e\u73fe\u5728\u4fa1\u5024\u304c\u30d5\u30eb\u30fb\u30d7\u30e9\u30a4\u30b9\u306b\u5360\u3081\u308b\u5272\u5408\u3067\u52a0\u91cd\u5e73\u5747\u3057\u305f\u5024\u3067\u3001\u5358\u4f4d\u306f\u300c\u671f\u9593\uff08\u5e74\uff09\u300d\u3067\u3059\u3002\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u3092\u56de\u53ce\u3059\u308b\u307e\u3067\u306e\u5e73\u5747\u7684\u306a\u6642\u9593\u3092\u8868\u3057\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u30a6\u30a8\u30a4\u30c8 \uff1d \u5404\u30ad\u30e3\u30c3\u30b7\u30e5\u30d5\u30ed\u30fc\u306e\u73fe\u5728\u4fa1\u5024 \u00f7 \u50b5\u5238\u306e\u30d5\u30eb\u30fb\u30d7\u30e9\u30a4\u30b9<\/li>\n<li>\u30bc\u30ed\u30fb\u30af\u30fc\u30dd\u30f3\u50b5\u306e\u30de\u30b3\u30fc\u30ec\u30fc\u30fb\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u306f\u6e80\u671f\u3068\u7b49\u3057\u3044<\/li>\n<li>\u5229\u4ed8\u50b5\u306e\u30de\u30b3\u30fc\u30ec\u30fc\u30fb\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u306f\u6e80\u671f\u3088\u308a\u77ed\u3044<\/li>\n<li>\u671f\u5358\u4f4d\u3067\u8a08\u7b97\u3057\u305f\u5024\u3092\u5e74\u3042\u305f\u308a\u306e\u652f\u6255\u56de\u6570\u3067\u5272\u308b\u3068\u5e74\u5358\u4f4d\u306b\u306a\u308b<\/li>\n<\/ul>\n<div class=\"cfalm-f\">MacDur = \u03a3 [t \u00d7 PV(CF\u209c)] \/ PV_Full<\/div>\n<h2>\u52b9\u7387\u3088\u304f\u5b66\u3076\u306b\u306f FA-Academy<\/h2>\n<p>CFA\u00ae\ufe0e\u306e\u5354\u4f1a\u30c6\u30ad\u30b9\u30c8\u306f\u82f1\u8a9e\u3067\u5206\u91cf\u3082\u591a\u304f\u30011\u3064\u3072\u3068\u3064\u306e\u5358\u5143\u3092\u82f1\u8a9e\u3060\u3051\u3067\u7406\u89e3\u3057\u3066\u3044\u304f\u306e\u306f\u5927\u304d\u306a\u8ca0\u62c5\u3067\u3059\u3002<\/p>\n<p>FA-Academy\uff08Financial Analyst Academy\uff09\u306f\u3001<strong>\u65e5\u672c\u8a9e\u3067\u5b66\u3079\u308b\u6570\u5c11\u306a\u3044CFA\u00ae\ufe0e\u8a66\u9a13\u30b5\u30dd\u30fc\u30c8<\/strong>\u3067\u3059\u3002\u3053\u308c\u307e\u3067 Level 1 \u304b\u3089 Level 3 \u307e\u3067\u591a\u304f\u306e\u5408\u683c\u8005\u3092\u8f29\u51fa\u3057\u3066\u304a\u308a\u3001\u5408\u683c\u8005\u306e\u65b9\u3005\u3068\u306e\u5bfe\u8ac7\u3082\u6570\u591a\u304f\u516c\u958b\u3057\u3066\u3044\u307e\u3059\u3002\u3069\u3093\u306a\u65b9\u304c\u3001\u3069\u306e\u3088\u3046\u306b\u5408\u683c\u3055\u308c\u305f\u306e\u304b\u306f<a href=\"https:\/\/triumphmind.com\/cfa\/category\/gokaku\/\" target=\"_blank\" rel=\"noopener\">\u5408\u683c\u8005\u5bfe\u8ac7\u30fb\u5408\u683c\u4f53\u9a13\u8ac7\u306e\u4e00\u89a7<\/a>\u304b\u3089\u3054\u89a7\u3044\u305f\u3060\u3051\u307e\u3059\u3002<\/p>\n<ul>\n<li><a href=\"https:\/\/triumphmind.com\/cfa\/present1\/\" target=\"_blank\" rel=\"noopener\">Level 1 \u65e5\u672c\u8a9e\u8981\u70b9\u96c6\u306e\u7121\u6599\u30b5\u30f3\u30d7\u30eb\u3092\u53d7\u3051\u53d6\u308b\uff087\u65e5\u9593\u30e1\u30fc\u30eb\u8b1b\u5ea7\uff09<\/a><\/li>\n<li><a href=\"https:\/\/timerex.net\/s\/cfa.tips.slack_2a23\/e72e883e\/\" target=\"_blank\" rel=\"noopener\">\u7121\u6599\u500b\u5225\u9762\u8ac7\u3092\u4e88\u7d04\u3059\u308b\uff08\u5b66\u7fd2\u8a08\u753b\u306e\u3054\u76f8\u8ac7\uff09<\/a><\/li>\n<li><a href=\"https:\/\/triumphmind.com\/cfa\/course\/\" target=\"_blank\" rel=\"noopener\">\u53d7\u8b1b\u6848\u5185\uff08\u30b3\u30fc\u30b9\u4e00\u89a7\u30fb\u53d7\u8b1b\u6599\uff09\u3092\u898b\u308b<\/a><\/li>\n<\/ul>\n<div class=\"cfalm-nav\">\u524d\u306e\u5358\u5143\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l1-fi-lm9\/\">LM9 The Term Structure of Interest Rates: Spot, Par, and Forward Curves\uff08\u91d1\u5229\u306e\u671f\u9593\u69cb\u9020\uff1a\u30b9\u30dd\u30c3\u30c8\u30fb\u30d1\u30fc\u30fb\u30d5\u30a9\u30ef\u30fc\u30c9\uff09<\/a><br \/>\n\u6b21\u306e\u5358\u5143\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l1-fi-lm11\/\">LM11 Yield-Based Bond Duration Measures and Properties\uff08\u5229\u56de\u308a\u30d9\u30fc\u30b9\u306e\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\uff09<\/a><br \/>\n\u5168\u4f53\u306e\u76ee\u6b21\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/cfa-curriculum\/#l1-fi\">CFA\u00ae\ufe0e \u5b66\u7fd2\u5185\u5bb9\u306e\u76ee\u6b21\uff08Level 1 Fixed Income\uff09<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>CFA\u00ae\ufe0e Level 1 Fixed Income LM10\u300cInterest Rate Risk and Return\uff08\u91d1\u5229\u30ea\u30b9\u30af\u3068\u30ea\u30bf\u30fc\u30f3\uff09\u300d\u306eLOS\uff08\u5b66\u7fd2\u76ee\u6a19\uff09\u3068\u91cd\u8981\u8ad6\u70b9\u3092\u3001\u6700\u65b0\u7248\u30ab\u30ea\u30ad\u30e5\u30e9\u30e0\u306b\u57fa\u3065\u3044\u3066\u65e5\u672c\u8a9e\u3067\u6574\u7406\u3057\u307e\u3057\u305f\u3002<\/p>\n","protected":false},"author":1,"featured_media":11121,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jin_ogp_image_url":"","_jin_last_featured_id":0,"footnotes":""},"categories":[98],"tags":[],"class_list":["post-10775","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-level1-topics"],"_links":{"self":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts\/10775","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/comments?post=10775"}],"version-history":[{"count":1,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts\/10775\/revisions"}],"predecessor-version":[{"id":10948,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts\/10775\/revisions\/10948"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/media\/11121"}],"wp:attachment":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/media?parent=10775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/categories?post=10775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/tags?post=10775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}