S\u00fcrekli enflasyon, y\u00fcksek mali bor\u00e7lanma ve g\u00fc\u00e7l\u00fc b\u00fcy\u00fcme, piyasa faiz beklentilerini y\u00fcksek tutarken, ABD g\u00f6sterge niteli\u011findeki Hazine tahvil getirileri 2002’den bu yana en y\u00fcksek seviyelerine \u00e7\u0131kt\u0131. Bir noktada 10 y\u0131ll\u0131k tahvil getirisi 4 baz puan artarak %5,33’e y\u00fckseldi ve 2007’deki zirvesini a\u015ft\u0131; 30 y\u0131ll\u0131k tahvil getirisi de 2002’den bu yana en y\u00fcksek seviyesine ula\u015ft\u0131. Hazine tahvilleri aylard\u0131r sat\u0131\u015f bask\u0131s\u0131 alt\u0131nda ve Ortado\u011fu sava\u015f\u0131na ba\u011fl\u0131 olarak y\u00fckselen petrol fiyatlar\u0131n\u0131n ekonomiye yans\u0131mas\u0131yla k\u00fcresel devlet tahvilleri de bask\u0131 alt\u0131nda kal\u0131yor; bu durum yat\u0131r\u0131mc\u0131lar\u0131n Fed de dahil olmak \u00fczere merkez bankalar\u0131n\u0131n daha fazla s\u0131k\u0131la\u015ft\u0131rma yapaca\u011f\u0131na dair bahis oynamas\u0131na yol a\u00e7\u0131yor. Artan bor\u00e7lanma maliyetlerine ra\u011fmen, ABD ekonomisi diren\u00e7li kalmaya devam ediyor ve OIS piyasalar\u0131 y\u0131l sonuna kadar Fed’in faiz art\u0131r\u0131m\u0131n\u0131 tamamen fiyatlam\u0131\u015f durumda.<\/p>\n
\ud83d\udca1 Bilgi Notu:<\/strong> Baz puan, faiz ya da tahvil getirilerindeki \u00e7ok k\u00fc\u00e7\u00fck de\u011fi\u015fimleri ifade eden \u00f6l\u00e7\u00fc birimidir; 1 baz puan y\u00fczde 0,01\u2019e kar\u015f\u0131l\u0131k gelir. OIS piyasas\u0131 ise yat\u0131r\u0131mc\u0131lar\u0131n merkez bankas\u0131n\u0131n gelecekteki faiz ad\u0131mlar\u0131na dair beklentilerini yans\u0131tan vadeli fiyatlamad\u0131r.<\/p> \ud83d\udcca Piyasa Etkisi:<\/strong> Tahvil getirilerindeki y\u00fckseli\u015f, piyasada daha s\u0131k\u0131 para politikas\u0131 ve daha uzun s\u00fcre y\u00fcksek faiz beklentisinin g\u00fc\u00e7lendi\u011fini g\u00f6sterir. Bu durum genellikle dolar i\u00e7in destekleyici, tahviller i\u00e7in bask\u0131lay\u0131c\u0131 olabilir; hisse senetleri ve faiz hassasiyeti y\u00fcksek varl\u0131klar \u00fczerinde de sat\u0131\u015f bask\u0131s\u0131 yaratabilir.<\/p>","protected":false},"excerpt":{"rendered":" S\u00fcrekli enflasyon, y\u00fcksek mali bor\u00e7lanma ve g\u00fc\u00e7l\u00fc b\u00fcy\u00fcme, piyasa faiz beklentilerini y\u00fcksek tutarken, ABD g\u00f6sterge niteli\u011findeki Hazine tahvil getirileri 2002’den<\/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":[299],"class_list":["post-25256","post","type-post","status-publish","format-standard","hentry","category-son-dakikalar","tag-tahvil"],"_links":{"self":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts\/25256","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=25256"}],"version-history":[{"count":2,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts\/25256\/revisions"}],"predecessor-version":[{"id":25263,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts\/25256\/revisions\/25263"}],"wp:attachment":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}