{"id":31268,"date":"2026-03-26T22:02:51","date_gmt":"2026-03-26T22:02:51","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/abdnin-4-haftalik-hazine-bonosu-ihalesi-faizi-hafif-yukselerek-3615ten-362ye-cikti\/"},"modified":"2026-03-26T22:02:51","modified_gmt":"2026-03-26T22:02:51","slug":"abdnin-4-haftalik-hazine-bonosu-ihalesi-faizi-hafif-yukselerek-3615ten-362ye-cikti","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/abdnin-4-haftalik-hazine-bonosu-ihalesi-faizi-hafif-yukselerek-3615ten-362ye-cikti\/","title":{"rendered":"ABD\u2019nin 4 haftal\u0131k hazine bonosu ihalesi faizi hafif y\u00fckselerek %3,615\u2019ten %3,62\u2019ye \u00e7\u0131kt\u0131"},"content":{"rendered":"ABD\u2019nin 4 haftal\u0131k Hazine bonosu (Treasury bill; k\u0131sa vadeli devlet bor\u00e7lanma senedi) ihalesinde olu\u015fan getiri (yield; yat\u0131r\u0131mc\u0131n\u0131n faiz getirisi) %3,615\u2019ten %3,62\u2019ye y\u00fckseldi.\n\nBu de\u011fi\u015fim, son ihalede belirlenen faizin bir \u00f6nceki sonuca g\u00f6re s\u0131n\u0131rl\u0131 artt\u0131\u011f\u0131n\u0131 g\u00f6steriyor.\n\n

K\u0131sa Vadeli Faizler G\u00fcc\u00fcn\u00fc Koruyor<\/h3>\n4 haftal\u0131k bono ihalesindeki bu hafif y\u00fckseli\u015f, tek ba\u015f\u0131na bir geli\u015fme de\u011fil; k\u0131sa vadeli faizlerin g\u00fc\u00e7l\u00fc seyrini korudu\u011funa i\u015faret ediyor. Bu art\u0131\u015f, piyasan\u0131n ABD Merkez Bankas\u0131\u2019n\u0131n (Fed) bor\u00e7lanma maliyetlerini (faizleri) h\u0131zl\u0131 \u015fekilde d\u00fc\u015f\u00fcrmeyece\u011fi beklentisini destekliyor. Bu da faizlerin \u201cuzun s\u00fcre y\u00fcksek kalaca\u011f\u0131\u201d g\u00f6r\u00fc\u015f\u00fcn\u00fc g\u00fc\u00e7lendiriyor.\n\nGenel ekonomik g\u00f6r\u00fcn\u00fcm de bunu destekliyor. \u015eubat 2026 enflasyon verisinde T\u00dcFE (CPI; t\u00fcketici fiyat endeksi, enflasyonu \u00f6l\u00e7er) %3,1 ile y\u00fcksek seyrini s\u00fcrd\u00fcrd\u00fc ve beklentinin biraz \u00fczerinde geldi. Buna ek olarak, \u015eubat ay\u0131 istihdam verisi 215 bin yeni i\u015f (pozisyon) art\u0131\u015f\u0131 g\u00f6stererek g\u00fc\u00e7l\u00fc geldi. Bu tablo, Fed\u2019in mevcut para politikas\u0131 duru\u015funu (faiz seviyesini) korumas\u0131 i\u00e7in gerek\u00e7e olu\u015fturuyor. Bu veriler, yak\u0131n zamanda faiz indirimi beklentilerinin erken olabilece\u011fini d\u00fc\u015f\u00fcnd\u00fcr\u00fcyor.\n\nBu ortam, 2025 boyunca uzun s\u00fcre g\u00f6rd\u00fc\u011f\u00fcm\u00fcz d\u00f6neme benziyor: Piyasalar s\u0131k s\u0131k faiz indirimi fiyatlad\u0131, ancak Fed bunu geciktirdi. Veriye ba\u011fl\u0131 hareket eden (data-dependent; kararlar\u0131n\u0131 gelen verilere g\u00f6re veren) bir Fed\u2019e kar\u015f\u0131 pozisyon almak zor olabiliyor. G\u00fcncel veriler de Fed\u2019in temkinli yakla\u015f\u0131m\u0131n\u0131 destekliyor.\n\nT\u00fcrev \u00fcr\u00fcn (derivatives; de\u011feri ba\u015fka bir varl\u0131\u011fa ba\u011fl\u0131 s\u00f6zle\u015fmeler) yat\u0131r\u0131mc\u0131lar\u0131 a\u00e7\u0131s\u0131ndan bu durum, k\u0131sa vadeli faizlerde oynakl\u0131\u011f\u0131n (volatility; fiyat dalgalanmas\u0131) y\u00fcksek kalmas\u0131ndan ya da artmas\u0131ndan faydalanan stratejileri \u00f6ne \u00e7\u0131kar\u0131yor. Getiri e\u011frisinin (yield curve; farkl\u0131 vadelerdeki faizlerin e\u011frisi) k\u0131sa ucu (front end; 0-2 y\u0131l gibi k\u0131sa vadeler) Fed\u2019in bir sonraki ad\u0131m\u0131n\u0131n zamanlamas\u0131na dair belirsizlik nedeniyle hareketli kalabilir. \u00d6n\u00fcm\u00fczdeki haftalarda fiyat dalgalanmalar\u0131na kar\u015f\u0131 konumlanmak i\u00e7in SOFR vadeli i\u015flemleri (SOFR futures; Fed\u2019in tercih etti\u011fi k\u0131sa vadeli faiz oran\u0131na dayal\u0131 kontratlar) veya k\u0131sa vadeli tahvil ETF\u2019leri (borsada i\u015flem g\u00f6ren fon) \u00fczerinde opsiyon (options; belirli fiyattan alma\/satma hakk\u0131 veren s\u00f6zle\u015fme) almak, makul bir yakla\u015f\u0131m olabilir.\n\nBuna ek olarak, Hazine tahvili vadeli i\u015flemleri (Treasury futures) \u00fczerinde paran\u0131n d\u0131\u015f\u0131nda (out-of-the-money; mevcut fiyattan uzak, ger\u00e7ekle\u015fme ihtimali d\u00fc\u015f\u00fck) al\u0131m opsiyonu (call; y\u00fckseli\u015ften kazand\u0131r\u0131r) satma f\u0131rsatlar\u0131na da bak\u0131labilir. \u00c7\u00fcnk\u00fc tahvil fiyatlar\u0131nda g\u00fc\u00e7l\u00fc bir ralli (fiyatlar\u0131n sert y\u00fckselmesi) ve buna ba\u011fl\u0131 getirilerde belirgin d\u00fc\u015f\u00fc\u015f olas\u0131l\u0131\u011f\u0131 d\u00fc\u015f\u00fck g\u00f6r\u00fcn\u00fcyor. Bu strateji, getirilerin yatay bantta kalaca\u011f\u0131 ya da hafif y\u00fckselebilece\u011fi g\u00f6r\u00fc\u015f\u00fcne dayan\u0131r. Piyasa net bir veri sinyali beklerken prim (premium; opsiyon i\u00e7in al\u0131nan\/sat\u0131lan bedel) toplanmas\u0131na imkan verir.\n\n

Bir Sonraki Fed Sinyali \u0130\u00e7in Konumlanma<\/h3>\n

\n\n

Hemen i\u015flem yapmaya ba\u015flay\u0131n – Ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in buraya<\/a> t\u0131klay\u0131n <\/strong> <\/p>\n","protected":false},"excerpt":{"rendered":"

4 haftal\u0131k ABD T-bill getirisi %3,62\u2019ye \u00e7\u0131kt\u0131: k\u00fc\u00e7\u00fck art\u0131\u015f, \u201cfaizler uzun s\u00fcre y\u00fcksek\u201d temas\u0131n\u0131 g\u00fc\u00e7lendiriyor. Enflasyon ve istihdam g\u00fc\u00e7l\u00fc; Fed indirime acele etmeyebilir. Opsiyon\/SOFR stratejileri \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-31268","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\/31268","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=31268"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/31268\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=31268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=31268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=31268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}