Ham petrol fiyatlar\u0131ndaki kal\u0131c\u0131 y\u00fckseli\u015f, t\u00fcketici fiyatlar\u0131n\u0131 do\u011frudan yukar\u0131 \u00e7ekebiliyor ve enflasyon beklentilerini de etkileyebiliyor. Piyasada bu beklentiler i\u00e7in kullan\u0131lan \u00f6nemli g\u00f6stergelerden biri, nominal tahvil getirisi ile enflasyona endeksli tahvil getirisi aras\u0131ndaki fark olan breakeven enflasyon oran\u0131.<\/p>\n
10 y\u0131ll\u0131k breakeven oran\u0131, ayn\u0131 vadeli bir Hazine tahvili ile TIPS getirisi aras\u0131ndaki farktan hesaplan\u0131yor ve yat\u0131r\u0131mc\u0131lar\u0131n fiyatlar konusunda ne bekledi\u011fine dair kabaca bir sinyal veriyor. Petrol\u00fcn uzun s\u00fcre y\u00fcksek kalmas\u0131, i\u015f\u00e7ilik ve \u00fcretim maliyetleri \u00fczerinden \u00e7ekirdek enflasyonu da yukar\u0131 itebiliyor.<\/p>\n
Merkez bankalar\u0131 a\u00e7\u0131s\u0131ndan esas mesele, bu enerji \u015fokunun ge\u00e7ici kal\u0131p kalmad\u0131\u011f\u0131 ve enflasyon beklentilerini bozmaya ba\u015flay\u0131p ba\u015flamad\u0131\u011f\u0131d\u0131r. \u015eahin bir duru\u015f beklentileri daha s\u0131n\u0131rl\u0131 tutarken, daha g\u00fcvercin bir yakla\u015f\u0131m fiyat bask\u0131lar\u0131n\u0131n daha geni\u015f alana yay\u0131lma riskini art\u0131rabiliyor.<\/p>\n
\ud83d\udca1 Bilgi Notu:<\/strong> Breakeven enflasyon oran\u0131, tahvil piyasas\u0131n\u0131n gelecekte ortalama enflasyon i\u00e7in ne fiyatlad\u0131\u011f\u0131n\u0131 kabaca g\u00f6sterir. Nominal tahvil ile enflasyona endeksli tahvil aras\u0131ndaki getiri fark\u0131ndan \u00e7\u0131kar\u0131l\u0131r. Bu oran kesin bir tahmin de\u011fildir; risk primi ve likidite gibi ek unsurlar da i\u00e7erir.<\/p>\n","protected":false},"excerpt":{"rendered":" Ham petrol fiyatlar\u0131ndaki kal\u0131c\u0131 y\u00fckseli\u015f, t\u00fcketici fiyatlar\u0131n\u0131 do\u011frudan yukar\u0131 \u00e7ekebiliyor ve enflasyon beklentilerini de etkileyebiliyor. Piyasada bu beklentiler i\u00e7in kullan\u0131lan<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","fxk_merge_backup":"","footnotes":""},"categories":[8],"tags":[1810,79,1086],"class_list":["post-15847","post","type-post","status-publish","format-standard","hentry","category-son-dakikalar","tag-enflasyon-beklentileri","tag-merkez-bankasi","tag-petrol-fiyatlari"],"_links":{"self":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts\/15847","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=15847"}],"version-history":[{"count":1,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts\/15847\/revisions"}],"predecessor-version":[{"id":15849,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts\/15847\/revisions\/15849"}],"wp:attachment":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=15847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=15847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=15847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}