{"id":31275,"date":"2026-03-27T00:01:35","date_gmt":"2026-03-27T00:01:35","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/abdnin-yedi-yil-vadeli-hazine-tahvil-ihalesinde-getiri-4255e-yukseldi-onceki-379-seviyesinden-artti\/"},"modified":"2026-03-27T00:01:35","modified_gmt":"2026-03-27T00:01:35","slug":"abdnin-yedi-yil-vadeli-hazine-tahvil-ihalesinde-getiri-4255e-yukseldi-onceki-379-seviyesinden-artti","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/abdnin-yedi-yil-vadeli-hazine-tahvil-ihalesinde-getiri-4255e-yukseldi-onceki-379-seviyesinden-artti\/","title":{"rendered":"ABD\u2019nin yedi y\u0131l vadeli Hazine tahvil ihalesinde getiri %4,255\u2019e y\u00fckseldi; \u00f6nceki %3,79 seviyesinden artt\u0131."},"content":{"rendered":"ABD\u2019de d\u00fczenlenen 7 y\u0131ll\u0131k tahvil ihalesinde getiri (yat\u0131r\u0131mc\u0131lar\u0131n tahvili elde tutmak i\u00e7in istedi\u011fi y\u0131ll\u0131k faiz) %4,255\u2019e y\u00fckseldi. \u00d6nceki ihalede getiri %3,79 idi.\n\nBu art\u0131\u015f, bu vadede Hazine\u2019nin bor\u00e7lanma maliyetinin \u00f6nceki sat\u0131\u015fa g\u00f6re y\u00fckseldi\u011fini g\u00f6steriyor. A\u00e7\u0131klanan oranlar %4,255 ve %3,79 oldu.\n\n

Piyasa Enflasyonu ve Bor\u00e7 Arz\u0131 Endi\u015feleri<\/h3>\nZay\u0131f ge\u00e7en 7 y\u0131ll\u0131k ihalede getirinin %4,255\u2019e s\u0131\u00e7ramas\u0131, piyasada enflasyon (fiyat art\u0131\u015flar\u0131n\u0131n s\u00fcrmesi) ve gelecekteki kamu borcu arz\u0131 (Hazine\u2019nin piyasaya daha fazla tahvil s\u00fcrmesi) konusunda ciddi kayg\u0131lar oldu\u011funa i\u015faret ediyor. Bu durum, yat\u0131r\u0131mc\u0131lar\u0131n uzun vadeli ABD borcunu ta\u015f\u0131mak i\u00e7in daha y\u00fcksek getiri talep etti\u011fini g\u00f6steriyor.\n\nSon Tar\u0131m D\u0131\u015f\u0131 \u0130stihdam (ABD\u2019de tar\u0131m d\u0131\u015f\u0131 sekt\u00f6rlerdeki ayl\u0131k istihdam de\u011fi\u015fimi) verisinin beklenenden g\u00fc\u00e7l\u00fc gelmesi ve 250 binin \u00fczerinde istihdam art\u0131\u015f\u0131 g\u00f6stermesi, Fed\u2019in \u201c\u015fahin\u201d (faizleri y\u00fcksek tutmaya e\u011filimli) kalaca\u011f\u0131 endi\u015fesini art\u0131rd\u0131.\n\nTahvil vadeli i\u015flemlerinde (gelecekte belirli fiyattan al\u0131m-sat\u0131m s\u00f6zle\u015fmesi) k\u0131sa pozisyonlar\u0131 (fiyat d\u00fc\u015f\u00fc\u015f\u00fcne oynama) art\u0131r\u0131yoruz; \u00e7\u00fcnk\u00fc getiriler y\u00fckseldi\u011finde tahvil fiyatlar\u0131 d\u00fc\u015fer. 2025 sonbahar\u0131ndaki sert tahvil sat\u0131\u015f dalgas\u0131nda da benzer \u015fekilde zay\u0131f ihale talebi g\u00f6r\u00fclm\u00fc\u015ft\u00fc. Bu nedenle faiz oynakl\u0131\u011f\u0131nda (faizlerin h\u0131zl\u0131 ini\u015f-\u00e7\u0131k\u0131\u015f yapmas\u0131) art\u0131\u015fa kar\u015f\u0131 MOVE Endeksi (tahvil piyasas\u0131 oynakl\u0131\u011f\u0131n\u0131 \u00f6l\u00e7en endeks) \u00fczerine opsiyon (belirli fiyattan alma-satma hakk\u0131) almak uygun g\u00f6r\u00fcn\u00fcyor.\n\nHisse senedi t\u00fcrevlerinde (hisseye dayal\u0131 vadeli i\u015flem ve opsiyon gibi \u00fcr\u00fcnler) bu ortam, faizlere duyarl\u0131 \u201cb\u00fcy\u00fcme hisseleri\u201d i\u00e7in olumsuz. Teknoloji taraf\u0131nda olas\u0131 d\u00fc\u015f\u00fc\u015fe kar\u015f\u0131 Nasdaq 100 ETF \u00fczerine sat\u0131m opsiyonu (put: fiyat d\u00fc\u015ferse de\u011fer kazanan opsiyon) alarak korunma (hedge: riski azaltma) yap\u0131yoruz. Bu yakla\u015f\u0131m, 2025\u2019te g\u00f6zlenen ili\u015fkiye dayan\u0131yor: 10 y\u0131ll\u0131k tahvil getirisinde 50 baz puanl\u0131k art\u0131\u015f (baz puan: y\u00fczde 0,01; 50 bp = %0,50) Nasdaq\u2019ta yakla\u015f\u0131k %5-7 d\u00fc\u015f\u00fc\u015fle birlikte g\u00f6r\u00fclm\u00fc\u015ft\u00fc.\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":"

Alarm zilleri: ABD 7 y\u0131ll\u0131k tahvil ihalesinde getiri %3,79\u2019dan %4,255\u2019e \u00e7\u0131kt\u0131; bor\u00e7lanma maliyeti artt\u0131. Enflasyon, bor\u00e7 arz\u0131 ve \u015fahin Fed endi\u015feleri y\u00fckselirken tahvil sat\u0131\u015flar\u0131, MOVE opsiyonlar\u0131 ve Nasdaq\u2019ta put hedge \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-31275","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\/31275","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=31275"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/31275\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=31275"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=31275"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=31275"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}