{"id":10779,"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-lm14\/"},"modified":"2026-09-22T07:44:20","modified_gmt":"2026-09-21T22:44:20","slug":"cfa-l1-fi-lm14","status":"publish","type":"post","link":"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l1-fi-lm14\/","title":{"rendered":"\u3010CFA\u00ae\ufe0e L1 Fixed Income LM14\u3011Credit Risk \u3092\u8981\u70b9\u89e3\u8aac\uff5c\u30c7\u30d5\u30a9\u30eb\u30c8\u78ba\u7387\u30fb\u30c7\u30d5\u30a9\u30eb\u30c8\u6642\u640d\u5931\u7387\u30fb\u4fe1\u7528\u683c\u4ed8\u30fb\u30b9\u30d7\u30ec\u30c3\u30c9"},"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 14\u300cCredit Risk\uff08\u4fe1\u7528\u30ea\u30b9\u30af\uff09\u300d\u306f\u3001\u4fe1\u7528\u30ea\u30b9\u30af\u3068\u305d\u306e\u69cb\u6210\u8981\u7d20\uff08\u30c7\u30d5\u30a9\u30eb\u30c8\u78ba\u7387\u3068\u30c7\u30d5\u30a9\u30eb\u30c8\u6642\u640d\u5931\u7387\uff09\u3001\u4fe1\u7528\u683c\u4ed8\u6a5f\u95a2\u306e\u683c\u4ed8\u306e\u5229\u7528\u65b9\u6cd5\u3068\u305d\u306e\u9650\u754c\u3001\u305d\u3057\u3066\u5229\u56de\u308a\u30b9\u30d7\u30ec\u30c3\u30c9\u306e\u6c34\u6e96\u3068\u5909\u52d5\u306b\u5f71\u97ff\u3059\u308b\u30de\u30af\u30ed\u7d4c\u6e08\u8981\u56e0\u30fb\u5e02\u5834\u8981\u56e0\u30fb\u767a\u884c\u4f53\u56fa\u6709\u8981\u56e0\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>LM14\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\u3002LM14\u306b\u306f3\u3064\u306eLOS\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<ol class=\"cfalm-los\">\n<li><span class=\"ja\">LOS 1\uff1a\u4fe1\u7528\u30ea\u30b9\u30af\u3068\u305d\u306e\u69cb\u6210\u8981\u7d20\u3067\u3042\u308b\u30c7\u30d5\u30a9\u30eb\u30c8\u78ba\u7387\u3068\u30c7\u30d5\u30a9\u30eb\u30c8\u6642\u640d\u5931\u7387\u3092\u8aac\u660e\u3059\u308b<\/span><span class=\"en\">describe credit risk and its components, probability of default and loss given default<\/span><\/li>\n<li><span class=\"ja\">LOS 2\uff1a\u4fe1\u7528\u683c\u4ed8\u6a5f\u95a2\u306e\u683c\u4ed8\u306e\u5229\u7528\u65b9\u6cd5\u3068\u305d\u306e\u9650\u754c\u3092\u8aac\u660e\u3059\u308b<\/span><span class=\"en\">describe the uses of ratings from credit rating agencies and their limitations<\/span><\/li>\n<li><span class=\"ja\">LOS 3\uff1a\u5229\u56de\u308a\u30b9\u30d7\u30ec\u30c3\u30c9\u306e\u6c34\u6e96\u3068\u30dc\u30e9\u30c6\u30a3\u30ea\u30c6\u30a3\u306b\u5f71\u97ff\u3059\u308b\u30de\u30af\u30ed\u7d4c\u6e08\u8981\u56e0\u3001\u5e02\u5834\u8981\u56e0\u3001\u767a\u884c\u4f53\u56fa\u6709\u306e\u8981\u56e0\u3092\u8aac\u660e\u3059\u308b<\/span><span class=\"en\">describe macroeconomic, market, and issuer-specific factors that influence the level and volatility of yield spreads<\/span><\/li>\n<\/ol>\n<h2>LM14\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>\u4fe1\u7528\u30ea\u30b9\u30af\u306f\u3001\u501f\u308a\u624b\u304c\u5143\u5229\u91d1\u3092\u671f\u65e5\u3069\u304a\u308a\u5168\u984d\u652f\u6255\u3048\u306a\u3044\u3053\u3068\u304b\u3089\u751f\u3058\u308b\u7d4c\u6e08\u7684\u640d\u5931\u306e\u30ea\u30b9\u30af\u3067\u3001\u4e3b\u306a\u69cb\u6210\u8981\u7d20\u306f\u30c7\u30d5\u30a9\u30eb\u30c8\u78ba\u7387\u3068\u30c7\u30d5\u30a9\u30eb\u30c8\u6642\u640d\u5931\u7387\u3001\u305d\u306e\u7a4d\u304c\u671f\u5f85\u640d\u5931<\/li>\n<li>\u4fe1\u7528\u30ea\u30b9\u30af\u306e\u4e3b\u306a\u6e90\u6cc9\u306f\u3001\u60aa\u5316\u3057\u305f\u30de\u30af\u30ed\u7d4c\u6e08\u74b0\u5883\u3001\u8cc7\u91d1\u6e90\u3068\u652f\u6255\u7fa9\u52d9\u306e\u30df\u30b9\u30de\u30c3\u30c1\u3001\u4e8b\u696d\u4f1a\u793e\u30fb\u30bd\u30d6\u30ea\u30f3\u305d\u308c\u305e\u308c\u306e\u767a\u884c\u4f53\u56fa\u6709\u306e\u8981\u56e0<\/li>\n<li>\u5148\u9032\u56fd\u306e\u50b5\u5238\u5e02\u5834\u3067\u306f\u307b\u307c\u3059\u3079\u3066\u306e\u50b5\u5238\u306b\u4fe1\u7528\u683c\u4ed8\u304c\u4ed8\u4e0e\u3055\u308c\u3001\u696d\u7a2e\u5185\u30fb\u696d\u7a2e\u9593\u3067\u50b5\u5238\u3084\u767a\u884c\u4f53\u306e\u4fe1\u7528\u30ea\u30b9\u30af\u3092\u6bd4\u8f03\u3067\u304d\u308b<\/li>\n<li>\u6295\u8cc7\u9069\u683c\u306e\u683c\u4ed8\u306f\u30e0\u30fc\u30c7\u30a3\u30fc\u30ba\u3067Baa3\u4ee5\u4e0a\u3001S&#038;P\u3068\u30d5\u30a3\u30c3\u30c1\u3067BBB\u2212\u4ee5\u4e0a\u3067\u3001\u30c7\u30d5\u30a9\u30eb\u30c8\u30fb\u30ea\u30b9\u30af\u304c\u6700\u3082\u4f4e\u3044\u3002\u975e\u6295\u8cc7\u9069\u683c\uff08\u30cf\u30a4\u30fb\u30a4\u30fc\u30eb\u30c9\uff09\u306fS&#038;P\u30fb\u30d5\u30a3\u30c3\u30c1\u3067BB+\u4ee5\u4e0b\u3001\u30e0\u30fc\u30c7\u30a3\u30fc\u30ba\u3067Ba1\u4ee5\u4e0b<\/li>\n<li>\u683c\u4ed8\u3060\u3051\u306b\u983c\u308b\u6295\u8cc7\u5224\u65ad\u306e\u843d\u3068\u3057\u7a74\u3068\u3057\u3066\u3001\u683c\u4ed8\u306e\u5909\u66f4\u304c\u5e02\u5834\u4fa1\u683c\u3088\u308a\u9045\u308c\u308b\u3053\u3068\u3001\u91cd\u8981\u306a\u8ca1\u52d9\u30ea\u30b9\u30af\u3092\u898b\u843d\u3068\u3059\u3053\u3068\u3001\u5c06\u6765\u4e88\u6e2c\u306e\u8aa4\u308a\u3084\u60f3\u5b9a\u5916\u306e\u5909\u5316\u3092\u53cd\u6620\u3057\u304d\u308c\u306a\u3044\u3053\u3068\u304c\u3042\u308b<\/li>\n<li>\u7121\u30ea\u30b9\u30af\u8cc7\u7523\u306b\u5bfe\u3059\u308b\u793e\u50b5\u306e\u4e0a\u4e57\u305b\u5229\u56de\u308a\uff08\u30b9\u30d7\u30ec\u30c3\u30c9\uff09\u306f\u3001\u4fe1\u7528\u30ea\u30b9\u30af\u304c\u9ad8\u307e\u308b\u3068\u62e1\u5927\u3057\u3001\u4f4e\u4e0b\u3059\u308b\u3068\u7e2e\u5c0f\u3059\u308b<\/li>\n<li>\u4fe1\u7528\u30b9\u30d7\u30ec\u30c3\u30c9\u306e\u5909\u5316\u306f\u3001\u30b9\u30d7\u30ec\u30c3\u30c9\u306e\u5909\u5316\u5e45\u3068\u3001\u671f\u672b\u306e\u4fee\u6b63\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u30fb\u30b3\u30f3\u30d9\u30af\u30b7\u30c6\u30a3\u3067\u8868\u3055\u308c\u308b\u4fa1\u683c\u611f\u5fdc\u5ea6\u3092\u901a\u3058\u3066\u4fdd\u6709\u671f\u9593\u30ea\u30bf\u30fc\u30f3\u306b\u5f71\u97ff\u3057\u3001\u30b9\u30d7\u30ec\u30c3\u30c9\u7e2e\u5c0f\u306f\u30ea\u30bf\u30fc\u30f3\u3092\u9ad8\u3081\u308b<\/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\u4fe1\u7528\u30ea\u30b9\u30af\u3068\u305d\u306e\u69cb\u6210\u8981\u7d20<\/h3>\n<p><strong>\u4fe1\u7528\u30ea\u30b9\u30af<\/strong>\u306f\u3001\u501f\u308a\u624b\u304c\u5143\u5229\u91d1\u3092\u671f\u65e5\u3069\u304a\u308a\u5168\u984d\u652f\u6255\u3048\u306a\u3044\u3053\u3068\u306b\u3088\u308b\u640d\u5931\u306e\u30ea\u30b9\u30af\u3067\u3059\u3002\u4e3b\u306a\u69cb\u6210\u8981\u7d20\u306f\u3001\u30c7\u30d5\u30a9\u30eb\u30c8\u304c\u8d77\u304d\u308b\u78ba\u7387\u3067\u3042\u308b<strong>\u30c7\u30d5\u30a9\u30eb\u30c8\u78ba\u7387\uff08PD\uff09<\/strong>\u3068\u3001\u30c7\u30d5\u30a9\u30eb\u30c8\u6642\u306b\u5931\u3046\u5272\u5408\u3067\u3042\u308b<strong>\u30c7\u30d5\u30a9\u30eb\u30c8\u6642\u640d\u5931\u7387\uff08LGD\uff09<\/strong>\u3067\u3001\u4e21\u8005\u306e\u7a4d\u304c<strong>\u671f\u5f85\u640d\u5931<\/strong>\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n<ul>\n<li>LGD \uff1d 1 \u2212 \u56de\u53ce\u7387\uff08\u640d\u5931\u984d\u30d9\u30fc\u30b9\u3067\u306f\u30a8\u30af\u30b9\u30dd\u30fc\u30b8\u30e3\u30fc \u00d7\uff081 \u2212 \u56de\u53ce\u7387\uff09\uff09<\/li>\n<li>\u671f\u5f85\u640d\u5931 \uff1d \u30c7\u30d5\u30a9\u30eb\u30c8\u78ba\u7387 \u00d7 \u30c7\u30d5\u30a9\u30eb\u30c8\u6642\u640d\u5931\u7387<\/li>\n<li>\u4fe1\u7528\u30ea\u30b9\u30af\u306e\u6e90\u6cc9\uff1a\u30de\u30af\u30ed\u7d4c\u6e08\u74b0\u5883\u306e\u60aa\u5316\u3001\u8cc7\u91d1\u6e90\u3068\u652f\u6255\u7fa9\u52d9\u306e\u30df\u30b9\u30de\u30c3\u30c1\u3001\u767a\u884c\u4f53\u56fa\u6709\u306e\u8981\u56e0<\/li>\n<li>\u512a\u5148\u9806\u4f4d\u3084\u62c5\u4fdd\u306e\u6709\u7121\u306f\u4e3b\u306bLGD\u306b\u5f71\u97ff<\/li>\n<li>\u4fe1\u7528\u529b\u306e\u8a55\u4fa1\u3067\u306f\u8fd4\u6e08\u80fd\u529b\u3068\u652f\u6255\u610f\u601d\u306e\u4e21\u9762\u3092\u898b\u308b<\/li>\n<\/ul>\n<div class=\"cfalm-f\">\u671f\u5f85\u640d\u5931 = PD \u00d7 LGD<\/div>\n<h3>LOS 2\uff1a\u4fe1\u7528\u683c\u4ed8\u306e\u5229\u7528\u3068\u9650\u754c<\/h3>\n<p>\u4fe1\u7528\u683c\u4ed8\u306f\u3001\u50b5\u5238\u3084\u767a\u884c\u4f53\u306e\u4fe1\u7528\u30ea\u30b9\u30af\u3092\u696d\u7a2e\u5185\u30fb\u696d\u7a2e\u9593\u3067\u6bd4\u8f03\u3059\u308b\u305f\u3081\u306e\u5171\u901a\u306e\u7269\u5dee\u3057\u3067\u3059\u3002<strong>Baa3\uff0fBBB\u2212\u4ee5\u4e0a\u304c\u6295\u8cc7\u9069\u683c<\/strong>\u3001\u305d\u308c\u3092\u4e0b\u56de\u308b\u3068\u30cf\u30a4\u30fb\u30a4\u30fc\u30eb\u30c9\u306b\u5206\u985e\u3055\u308c\u307e\u3059\u3002\u305f\u3060\u3057\u3001\u683c\u4ed8\u306f\u5e02\u5834\u4fa1\u683c\u306b\u6bd4\u3079\u3066<strong>\u5909\u66f4\u304c\u9045\u308c\u308b<\/strong>\u3053\u3068\u304c\u3042\u308a\u3001\u683c\u4ed8\u3060\u3051\u306b\u983c\u308b\u5224\u65ad\u306b\u306f\u9650\u754c\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u6295\u8cc7\u9069\u683c\uff1a\u30e0\u30fc\u30c7\u30a3\u30fc\u30baBaa3\u4ee5\u4e0a\u3001S&#038;P\u30fb\u30d5\u30a3\u30c3\u30c1BBB\u2212\u4ee5\u4e0a<\/li>\n<li>\u30cf\u30a4\u30fb\u30a4\u30fc\u30eb\u30c9\uff1a\u30e0\u30fc\u30c7\u30a3\u30fc\u30baBa1\u4ee5\u4e0b\u3001S&#038;P\u30fb\u30d5\u30a3\u30c3\u30c1BB+\u4ee5\u4e0b<\/li>\n<li>\u767a\u884c\u4f53\u683c\u4ed8\uff08issuer rating\uff09\u3068\u500b\u5225\u50b5\u5238\u306e\u683c\u4ed8\uff08issue rating\uff09\u306e\u533a\u5225<\/li>\n<li>\u683c\u4ed8\u306e\u5909\u5316\uff08\u683c\u4e0b\u3052\u30fb\u683c\u4e0a\u3052\uff09\u3092\u683c\u4ed8\u63a8\u79fb\u3068\u3057\u3066\u628a\u63e1<\/li>\n<li>\u9650\u754c\uff1a\u5e02\u5834\u4fa1\u683c\u3088\u308a\u683c\u4ed8\u5909\u66f4\u304c\u9045\u308c\u308b\u3001\u8a34\u8a1f\u30fb\u8cb7\u53ce\u306a\u3069\u306e\u4e8b\u8c61\u30ea\u30b9\u30af\u3092\u898b\u843d\u3068\u3059\u3001\u5c06\u6765\u4e88\u6e2c\u306e\u8aa4\u308a<\/li>\n<\/ul>\n<h3>LOS 3\uff1a\u30b9\u30d7\u30ec\u30c3\u30c9\u306b\u5f71\u97ff\u3059\u308b\u8981\u56e0<\/h3>\n<p>\u5229\u56de\u308a\u30b9\u30d7\u30ec\u30c3\u30c9\u306e\u6c34\u6e96\u3068\u5909\u52d5\u306f\u3001<strong>\u30de\u30af\u30ed\u7d4c\u6e08\u8981\u56e0<\/strong>\uff08\u666f\u6c17\u5faa\u74b0\uff09\u3001<strong>\u5e02\u5834\u8981\u56e0<\/strong>\uff08\u6d41\u52d5\u6027\u30fb\u9700\u7d66\uff09\u3001<strong>\u767a\u884c\u4f53\u56fa\u6709\u306e\u8981\u56e0<\/strong>\uff08\u8ca1\u52d9\u72b6\u614b\u3084\u4e8b\u696d\u306e\u898b\u901a\u3057\uff09\u306e\u5f71\u97ff\u3092\u53d7\u3051\u307e\u3059\u3002\u30b9\u30d7\u30ec\u30c3\u30c9\u306e\u5909\u5316\u306f\u3001\u30b9\u30d7\u30ec\u30c3\u30c9\u306e\u5909\u5316\u5e45\u3068\u50b5\u5238\u306e\u4fa1\u683c\u611f\u5fdc\u5ea6\uff08\u4fee\u6b63\u30c7\u30e5\u30ec\u30fc\u30b7\u30e7\u30f3\u30fb\u30b3\u30f3\u30d9\u30af\u30b7\u30c6\u30a3\uff09\u3092\u901a\u3058\u3066\u4fdd\u6709\u671f\u9593\u30ea\u30bf\u30fc\u30f3\u306b\u5f71\u97ff\u3057\u307e\u3059\u3002<\/p>\n<ul>\n<li>\u666f\u6c17\u5f8c\u9000\u671f\u306b\u306f\u30b9\u30d7\u30ec\u30c3\u30c9\u304c\u62e1\u5927\u3057\u3001\u666f\u6c17\u62e1\u5927\u671f\u306b\u306f\u7e2e\u5c0f\u3057\u3084\u3059\u3044<\/li>\n<li>\u4fe1\u7528\u529b\u306e\u4f4e\u3044\u50b5\u5238\u307b\u3069\u30b9\u30d7\u30ec\u30c3\u30c9\u306e\u6c34\u6e96\u3082\u5909\u52d5\u3082\u5927\u304d\u3044<\/li>\n<li>\u5e02\u5834\u8981\u56e0\uff1a\u6d41\u52d5\u6027\u306e\u4f4e\u4e0b\u3084\u5927\u91cf\u306e\u65b0\u898f\u767a\u884c\u3001\u30c7\u30a3\u30fc\u30e9\u30fc\u306e\u5728\u5eab\u4f59\u529b\u306e\u7e2e\u5c0f\u3067\u30b9\u30d7\u30ec\u30c3\u30c9\u304c\u62e1\u5927<\/li>\n<li>\u767a\u884c\u4f53\u56fa\u6709\u8981\u56e0\uff1a\u696d\u7e3e\u30fb\u30ec\u30d0\u30ec\u30c3\u30b8\u306e\u5909\u5316\u3001\u683c\u4ed8\u306e\u5909\u66f4<\/li>\n<li>\u30b9\u30d7\u30ec\u30c3\u30c9\u7e2e\u5c0f\u306f\u4fdd\u6709\u671f\u9593\u30ea\u30bf\u30fc\u30f3\u3092\u62bc\u3057\u4e0a\u3052\u3001\u62e1\u5927\u306f\u62bc\u3057\u4e0b\u3052\u308b<\/li>\n<\/ul>\n<div class=\"cfalm-f\">%\u0394PV_Full \u2248 \u2212(\u671f\u672bModDur \u00d7 \u0394Spread) + \u00bd \u00d7 \u671f\u672bConvexity \u00d7 (\u0394Spread)\u00b2<\/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-lm13\/\">LM13 Curve-Based and Empirical Fixed-Income Risk Measures\uff08\u30ab\u30fc\u30d6\u30fb\u30d9\u30fc\u30b9\u3068\u5b9f\u8a3c\u7684\u306a\u30ea\u30b9\u30af\u6307\u6a19\uff09<\/a><br \/>\n\u6b21\u306e\u5358\u5143\uff1a<a href=\"https:\/\/triumphmind.com\/cfa\/2026\/09\/22\/cfa-l1-fi-lm15\/\">LM15 Credit Analysis for Government Issuers\uff08\u653f\u5e9c\u767a\u884c\u4f53\u306e\u4fe1\u7528\u5206\u6790\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 LM14\u300cCredit Risk\uff08\u4fe1\u7528\u30ea\u30b9\u30af\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":11125,"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-10779","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\/10779","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=10779"}],"version-history":[{"count":2,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts\/10779\/revisions"}],"predecessor-version":[{"id":11323,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/posts\/10779\/revisions\/11323"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/media\/11125"}],"wp:attachment":[{"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/media?parent=10779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/categories?post=10779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/triumphmind.com\/cfa\/wp-json\/wp\/v2\/tags?post=10779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}