{"id":30234,"date":"2026-03-13T02:01:12","date_gmt":"2026-03-13T02:01:12","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/abd-30-yillik-tahvil-ihalesi-getirisi-onceki-475-seviyesinden-4871e-yukseldi\/"},"modified":"2026-03-13T02:01:12","modified_gmt":"2026-03-13T02:01:12","slug":"abd-30-yillik-tahvil-ihalesi-getirisi-onceki-475-seviyesinden-4871e-yukseldi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/abd-30-yillik-tahvil-ihalesi-getirisi-onceki-475-seviyesinden-4871e-yukseldi\/","title":{"rendered":"ABD 30 y\u0131ll\u0131k tahvil ihalesi getirisi \u00f6nceki %4,75 seviyesinden %4,871\u2019e y\u00fckseldi"},"content":{"rendered":"ABD, 30 y\u0131ll\u0131k tahvil ihalesi d\u00fczenledi. \u0130halede olu\u015fan getiri (tahvilin yat\u0131r\u0131mc\u0131ya y\u0131ll\u0131k faiz kazanc\u0131) %4,871\u2019e y\u00fckseldi.\n\n\u00d6nceki ihalede getiri %4,75 seviyesindeydi. Bu da son sat\u0131\u015fa g\u00f6re getirinin artt\u0131\u011f\u0131 anlam\u0131na geliyor.\n\n<h3>Uzun Vadeli Getiri Sinyali<\/h3>\n30 y\u0131ll\u0131k tahvil ihalesinde getirinin y\u00fckselmesi, piyasan\u0131n uzun vadeli risk (\u00f6zellikle enflasyon ve faiz belirsizli\u011fi) i\u00e7in daha y\u00fcksek \u201crisk primi\u201d yani ek getiri talep etti\u011fini g\u00f6steriyor. Bu hareketin, kal\u0131c\u0131 enflasyona do\u011frudan bir tepki olmas\u0131 muhtemel. Nitekim \u015eubat 2026 T\u00dcFE (T\u00fcketici Fiyat Endeksi: enflasyonu \u00f6l\u00e7en ana g\u00f6sterge) verisi beklentilerin \u00fczerinde %3,1 geldi. Bu tablo, gelecekte Fed\u2019in (ABD Merkez Bankas\u0131) faiz indirimlerine y\u00f6nelik beklentilerin h\u0131zla zay\u0131flad\u0131\u011f\u0131na i\u015faret ediyor.\n\nDaha y\u00fcksek faiz olas\u0131l\u0131\u011f\u0131 i\u00e7in, ABD Hazine tahvili vadeli i\u015flemlerinde (futures: gelecekte belirli fiyattan al\u0131m-sat\u0131m i\u00e7in yap\u0131lan standart borsa s\u00f6zle\u015fmeleri) \u201ck\u0131sa pozisyon\u201d (fiyat d\u00fc\u015f\u00fc\u015f\u00fcnden kazan\u00e7 hedefleyen i\u015flem) se\u00e7enekleri izlenebilir; \u00f6zellikle 30 y\u0131ll\u0131k Ultra Bond (\/UB). Getiriler y\u00fckseldik\u00e7e, bu vadeli s\u00f6zle\u015fmelerin fiyat\u0131 genelde d\u00fc\u015fer. Ayr\u0131ca Fed\u2019in politika faizine ba\u011fl\u0131 t\u00fcrev \u00fcr\u00fcnler (derivatives: de\u011feri ba\u015fka bir varl\u0131\u011fa ba\u011fl\u0131 s\u00f6zle\u015fmeler) olan SOFR vadeli i\u015flemleri de (SOFR: Fed\u2019in yak\u0131ndan izledi\u011fi k\u0131sa vadeli ABD faiz g\u00f6stergesi) bu y\u0131l daha az faiz indirimi fiyatl\u0131yor; Eyl\u00fcl\u2019den \u00f6nce indirim ihtimali art\u0131k %50\u2019nin alt\u0131na gerilemi\u015f durumda.\n\nBu ortam genellikle hisse senetleri i\u00e7in olumsuzdur. Bu y\u00fczden S&#038;P 500 gibi ana endekslerde \u201ckoruyucu put opsiyonu\u201d (put: belirli fiyattan sat\u0131\u015f hakk\u0131 veren opsiyon; d\u00fc\u015f\u00fc\u015fe kar\u015f\u0131 sigorta) al\u0131m\u0131 de\u011ferlendirilebilir. 2025\u2019in \u00fc\u00e7\u00fcnc\u00fc \u00e7eyre\u011finde de benzer \u015fekilde getirilerdeki h\u0131zl\u0131 y\u00fckseli\u015f, piyasadaki d\u00fc\u015f\u00fc\u015ften \u00f6nce gelmi\u015fti; bu nedenle riskten korunma (hedging: olumsuz senaryoya kar\u015f\u0131 pozisyonu dengeleme) mant\u0131kl\u0131 olabilir. VIX endeksi (beklenen oynakl\u0131\u011f\u0131 g\u00f6steren \u201ckorku endeksi\u201d) son haftalarda 14\u2019ten 18\u2019in \u00fczerine \u00e7\u0131kt\u0131. VIX\u2019te al\u0131m opsiyonu (call: belirli fiyattan al\u0131m hakk\u0131 veren opsiyon) almak, piyasa stresi artarsa bundan faydalanman\u0131n bir yolu olabilir.\n\nUzun vadeli ABD getirilerinin y\u00fckselmesi, yabanc\u0131 yat\u0131r\u0131mc\u0131lar i\u00e7in ABD dolar\u0131n\u0131 da genellikle daha cazip hale getirir. Faizi daha erken indirmesi beklenen merkez bankalar\u0131na sahip para birimlerine kar\u015f\u0131 dolar\u0131n g\u00fc\u00e7l\u00fc kalmas\u0131 olas\u0131d\u0131r; \u00f6rne\u011fin Euro. Bu g\u00f6r\u00fc\u015f, Dolar Endeksi vadeli i\u015flemleri (\/DX) ile (DXY: dolar\u0131n ba\u015fl\u0131ca para birimlerine kar\u015f\u0131 de\u011ferini \u00f6l\u00e7en endeks) veya EUR\/USD gibi paritelerde al\u0131m opsiyonu satarak (call satmak: prim geliri kar\u015f\u0131l\u0131\u011f\u0131nda yukar\u0131 y\u00f6n\u00fc s\u0131n\u0131rl\u0131 kazan\u00e7, riskli strateji) ifade edilebilir.\n\n<h3>Dolar Pozisyonlamas\u0131 Etkileri<\/h3>\n<p>\n\n<p><strong>Hemen i\u015flem yapmaya ba\u015flay\u0131n &#8211; Ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in <a href=\"https:\/\/www.vtmarkets.com\/tr\/trade-now\/\">buraya<\/a> t\u0131klay\u0131n <\/strong> <\/p>\n<!-- \/wp:post-content -->","protected":false},"excerpt":{"rendered":"<p>ABD 30 y\u0131ll\u0131k tahvil ihalesinde getiri %4,871\u2019e \u00e7\u0131kt\u0131: piyasa uzun vadede daha y\u00fcksek risk primi istiyor. Enflasyon s\u00fcrprizi Fed indirimi beklentisini zay\u0131flat\u0131rken hisse bask\u0131s\u0131, VIX y\u00fckseli\u015fi ve dolar\u0131n g\u00fc\u00e7lenmesi \u00f6ne \u00e7\u0131k\u0131yor.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-30234","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30234","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=30234"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30234\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=30234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=30234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=30234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}