{"id":30328,"date":"2026-03-14T00:04:20","date_gmt":"2026-03-14T00:04:20","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/bnynin-iflow-verileri-riskten-kacisi-gosteriyor-g10-avro-bolgesi-tahvillerine-alim-goude-satis-inr-eurde-cikis-cny-zara-talep\/"},"modified":"2026-03-14T00:04:20","modified_gmt":"2026-03-14T00:04:20","slug":"bnynin-iflow-verileri-riskten-kacisi-gosteriyor-g10-avro-bolgesi-tahvillerine-alim-goude-satis-inr-eurde-cikis-cny-zara-talep","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/bnynin-iflow-verileri-riskten-kacisi-gosteriyor-g10-avro-bolgesi-tahvillerine-alim-goude-satis-inr-eurde-cikis-cny-zara-talep\/","title":{"rendered":"BNY\u2019nin iFlow verileri riskten ka\u00e7\u0131\u015f\u0131 g\u00f6steriyor: G10\/Avro B\u00f6lgesi tahvillerine al\u0131m, GO\u00dc\u2019de sat\u0131\u015f; INR\/EUR\u2019de \u00e7\u0131k\u0131\u015f, CNY\/ZAR\u2019a talep"},"content":{"rendered":"BNY iFlow verileri, iFlow Mood g\u00f6stergesinin -0,088 ile daha da negatife inmesiyle riskten ka\u00e7\u0131\u015f\u0131n (yat\u0131r\u0131mc\u0131lar\u0131n daha g\u00fcvenli varl\u0131klara y\u00f6nelmesi) artt\u0131\u011f\u0131n\u0131 g\u00f6steriyor. Tahvil al\u0131mlar\u0131 y\u00fckselirken, hisse senedi talebi yatay seyretti.\n\nTahvil hareketleri (para giri\u015f-\u00e7\u0131k\u0131\u015flar\u0131) G10 (en geli\u015fmi\u015f 10 \u00fclke) ve Euro B\u00f6lgesi bor\u00e7lanma ara\u00e7lar\u0131nda yo\u011funla\u015f\u0131rken, geli\u015fen \u00fclke devlet tahvillerinde sat\u0131\u015f g\u00f6r\u00fcld\u00fc. Bu, sabit getirili tarafta (tahvil gibi d\u00fczenli faiz geliri \u00fcreten \u00fcr\u00fcnler) daha temkinli bir pozisyonlanmaya i\u015faret ediyor.\n\n<h3>Fx Pozisyonlar\u0131 Ayr\u0131\u015fmaya \u0130\u015faret Ediyor<\/h3>\nD\u00f6viz (FX) taraf\u0131nda INR (Hindistan rupisi) ve EUR\u2019dan (euro) \u00e7\u0131k\u0131\u015flar g\u00f6r\u00fcl\u00fcrken, CNY (\u00c7in yuan\u0131) ve ZAR\u2019a (G\u00fcney Afrika rand\u0131) talep vard\u0131. TRY (T\u00fcrk liras\u0131) ve SGD\u2019de (Singapur dolar\u0131) \u00e7\u0131k\u0131\u015flar \u00f6ne \u00e7\u0131karken, PLN (Polonya zlotisi) ve COP\u2019a (Kolombiya pesosu) talep de dikkat \u00e7ekti.\n\nBir\u00e7ok fazla veren ekonomide (d\u0131\u015f ticaret fazlas\u0131 olan \u00fclkeler) d\u00f6viz sat\u0131\u015flar\u0131, enerji ithalat maliyetlerinin bask\u0131s\u0131 ve enerji fiyatlar\u0131n\u0131 d\u00fc\u015f\u00fcrmeye y\u00f6nelik k\u0131sa vadeli b\u00fct\u00e7e ad\u0131mlar\u0131 (kamu harcamalar\u0131\/vergiler) endi\u015feleriyle ili\u015fkilendirildi. Asya-Pasifik\u2019te KRW (G\u00fcney Kore wonu) ve JPY (Japon yeni) \u201ca\u015f\u0131r\u0131 ta\u015f\u0131nan\u201d (\u00e7ok ki\u015finin ayn\u0131 y\u00f6nde pozisyon ald\u0131\u011f\u0131, kalabal\u0131kla\u015fm\u0131\u015f) tek para birimleri olarak tan\u0131mland\u0131; al\u0131mlar\u0131n zay\u0131f oldu\u011fu belirtildi.\n\nArtan riskten ka\u00e7\u0131\u015f ortam\u0131nda, t\u00fcrev \u00fcr\u00fcn stratejilerinin (vadeli i\u015flemler ve opsiyonlar gibi kald\u0131ra\u00e7l\u0131 ara\u00e7lar) \u00f6nceli\u011fi sermaye korumas\u0131 olmal\u0131; zay\u0131f ve g\u00fc\u00e7l\u00fc alanlar hedeflenmeli. iFlow duyarl\u0131l\u0131k g\u00f6stergesi d\u00fc\u015f\u00fc\u015f\u00fcn\u00fc h\u0131zland\u0131rd\u0131; bu duygu de\u011fi\u015fimi 2025 sonundan beri birikiyordu. Bu temkinli duru\u015f, enerji maliyetlerine dair yeniden canlanan endi\u015felerin do\u011frudan sonucu; \u00f6zellikle Brent petrol vadeli i\u015flemleri (ileride teslimi taahh\u00fct eden petrol kontratlar\u0131) ge\u00e7en ay varil ba\u015f\u0131na 95 dolar\u0131n \u00fczerine \u00e7\u0131kt\u0131ktan sonra.\n\nDevlet tahvillerinde \u201cg\u00fcvene ka\u00e7\u0131\u015ftan\u201d (riskli varl\u0131klardan g\u00fcvenli g\u00f6r\u00fclenlere ge\u00e7i\u015f) yararlanan stratejiler de\u011ferlendirilmeli. Bu, G10 ve Euro B\u00f6lgesi tahvil vadeli i\u015flemlerinde (futures; belirli fiyattan ileri tarihli al\u0131m-sat\u0131m s\u00f6zle\u015fmesi) uzun pozisyon almak\u2014\u00f6rne\u011fin Alman Bund\u2019lar\u0131\u2014ve ayn\u0131 zamanda geli\u015fen \u00fclke tahvil ETF\u2019lerinde (borsada i\u015flem g\u00f6ren fon) put opsiyonu (fiyat d\u00fc\u015f\u00fc\u015f\u00fcnden kazan\u00e7 sa\u011flayan hak) alarak korunmak anlam\u0131na gelir. ABD Merkez Bankas\u0131\u2019n\u0131n (Fed) \u015eubat 2026 toplant\u0131s\u0131 sonras\u0131 mesajlar\u0131\u2014faiz art\u0131r\u0131mlar\u0131na ara, ancak enflasyonu izleme kararl\u0131l\u0131\u011f\u0131\u2014daha g\u00fcvenli devlet tahvillerini elde tutmay\u0131 destekliyor.\n\nHisse talebinin yatayla\u015fmas\u0131yla oynakl\u0131\u011f\u0131n (fiyat dalgalanmas\u0131) artmas\u0131 olas\u0131; bu da opsiyon bazl\u0131 stratejileri \u00f6ne \u00e7\u0131kar\u0131yor. S&#038;P 500 gibi b\u00fcy\u00fck endekslerde call opsiyon spread\u2019i satmak (yukar\u0131 y\u00f6nl\u00fc s\u0131n\u0131rl\u0131 bir bant stratejisi; iki farkl\u0131 kullan\u0131m fiyatl\u0131 call ile kurulur) yatay ya da hafif d\u00fc\u015fen piyasada getiriyi art\u0131rabilir. VIX endeksi (beklenen oynakl\u0131k g\u00f6stergesi) son d\u00f6rt haftada 14\u2019ten 19\u2019a y\u00fckseldi; bu belirsizli\u011fin artt\u0131\u011f\u0131n\u0131 ve opsiyon primlerinin (opsiyonun fiyat\u0131) y\u00fckseldi\u011fini g\u00f6steriyor.\n\n<h3>Temkinli Piyasalar \u0130\u00e7in Hedefli T\u00fcrevler<\/h3>\nEuro ve Hindistan rupisindeki net \u00e7\u0131k\u0131\u015flar, do\u011frudan d\u00fc\u015f\u00fc\u015f y\u00f6nl\u00fc i\u015flemleri (ay\u0131 piyasas\u0131 stratejileri) destekliyor. Euro\/Dolar vadeli i\u015flemlerinde k\u0131sa pozisyon almak ya da euro \u00fczerinde put almak mant\u0131kl\u0131; \u00e7\u00fcnk\u00fc son Euro B\u00f6lgesi imalat PMI verisi 48,5 ile daralmaya i\u015faret etti (PMI\u2019da 50\u2019nin alt\u0131 sekt\u00f6rde k\u00fc\u00e7\u00fclme anlam\u0131na gelir). INR i\u00e7inse kal\u0131c\u0131 enerji ithalat bask\u0131s\u0131 para birimini zorluyor; bu e\u011filim Hindistan\u2019\u0131n d\u0131\u015f ticaret a\u00e7\u0131\u011f\u0131n\u0131n son a\u00e7\u0131klanan \u00e7eyrekte %15 geni\u015flemesiyle do\u011frulan\u0131yor.\n\nBuna kar\u015f\u0131l\u0131k \u00c7in yuan\u0131 ve G\u00fcney Afrika rand\u0131na g\u00fc\u00e7l\u00fc talep, g\u00f6reli g\u00fc\u00e7 i\u015flemlerine i\u015faret ediyor. Zay\u0131flayan EUR\u2019a kar\u015f\u0131 CNY\u2019de uzun pozisyon ya da \u00e7\u0131k\u0131\u015f ya\u015fayan di\u011fer geli\u015fen \u00fclke para birimlerine kar\u015f\u0131 ZAR\u2019da uzun pozisyon kurulabilir. \u00c7in\u2019in 2026 ba\u015f\u0131nda a\u00e7\u0131klad\u0131\u011f\u0131 ihracatta y\u0131ll\u0131k %4 art\u0131\u015f, \u015fu a\u015famada yuana a\u011f\u0131rl\u0131k vermek i\u00e7in g\u00fc\u00e7l\u00fc bir temel neden sunuyor.\n\nJPY ve KRW\u2019nin \u201ca\u015f\u0131r\u0131 ta\u015f\u0131nan\u201d g\u00f6r\u00fcn\u00fcm\u00fc, mevcut trendin pe\u015finden gitmek konusunda uyar\u0131 niteli\u011finde. Bu para birimleri g\u00fcvenli liman olarak tutulmu\u015f olsa da yeni al\u0131m\u0131n zay\u0131flamas\u0131 ivmenin (momentum; hareketin g\u00fcc\u00fc) azald\u0131\u011f\u0131n\u0131 ve pozisyonlar\u0131n kalabal\u0131kla\u015fm\u0131\u015f olabilece\u011fini g\u00f6steriyor. Mevcut JPY veya KRW uzun pozisyonlar\u0131n\u0131, ucuz ve kullan\u0131m fiyat\u0131 piyasadan uzak put opsiyonlar\u0131yla (out-of-the-money; ancak sert d\u00fc\u015f\u00fc\u015fte koruma sa\u011flar) korumak daha do\u011fru olabilir.\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>BNY iFlow\u2019da alarm: Mood -0,088\u2019e indi, riskten ka\u00e7\u0131\u015f h\u0131zland\u0131. G10\/Euro tahvillerine giri\u015f artarken EM tahvilleri sat\u0131ld\u0131. FX\u2019te EUR\/INR \u00e7\u0131k\u0131\u015f, CNY\/ZAR giri\u015f; VIX y\u00fckseliyor.<\/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-30328","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\/30328","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=30328"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30328\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=30328"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=30328"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=30328"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}