{"id":46790,"date":"2026-05-15T18:57:31","date_gmt":"2026-05-15T18:57:31","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/abd-kapasite-kullanim-orani-beklentileri-asti-fedin-faiz-indirimi-gorunumunu-zorlastirirken-hazine-tahvili-getirilerinde-yukari-yonlu-baskiyi-artirdi\/"},"modified":"2026-05-15T18:57:31","modified_gmt":"2026-05-15T18:57:31","slug":"abd-kapasite-kullanim-orani-beklentileri-asti-fedin-faiz-indirimi-gorunumunu-zorlastirirken-hazine-tahvili-getirilerinde-yukari-yonlu-baskiyi-artirdi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/abd-kapasite-kullanim-orani-beklentileri-asti-fedin-faiz-indirimi-gorunumunu-zorlastirirken-hazine-tahvili-getirilerinde-yukari-yonlu-baskiyi-artirdi\/","title":{"rendered":"ABD kapasite kullan\u0131m oran\u0131 beklentileri a\u015ft\u0131; Fed\u2019in faiz indirimi g\u00f6r\u00fcn\u00fcm\u00fcn\u00fc zorla\u015ft\u0131r\u0131rken Hazine tahvili getirilerinde yukar\u0131 y\u00f6nl\u00fc bask\u0131y\u0131 art\u0131rd\u0131"},"content":{"rendered":"<p>ABD\u2019de kapasite kullan\u0131m oran\u0131 Nisan ay\u0131nda %76,1 oldu. Bu oran, %75,8\u2019lik beklentinin \u00fczerinde ger\u00e7ekle\u015fti.<\/p>\n<p>Nisan\u2019daki beklentiyi a\u015fan kapasite kullan\u0131m oran\u0131, ekonominin sanayi taraf\u0131n\u0131n d\u00fc\u015f\u00fcnd\u00fc\u011f\u00fcm\u00fczden daha g\u00fc\u00e7l\u00fc \u00e7al\u0131\u015ft\u0131\u011f\u0131n\u0131 g\u00f6steriyor. **Kapasite kullan\u0131m\u0131**, fabrikalar\u0131n ve \u00fcretim tesislerinin mevcut \u00fcretim g\u00fcc\u00fcn\u00fcn (makine ve i\u015f g\u00fcc\u00fc kapasitesinin) ne kadar\u0131n\u0131 kulland\u0131\u011f\u0131n\u0131 anlatan bir g\u00f6stergedir. Bu veri, ABD Merkez Bankas\u0131\u2019n\u0131n (Fed) bu yaz **faiz indirimine** rahat\u00e7a ba\u015flayabilece\u011fi g\u00f6r\u00fc\u015f\u00fcn\u00fc zay\u0131flat\u0131yor. \u00c7\u00fcnk\u00fc g\u00fc\u00e7l\u00fc \u00fcretim, fiyat art\u0131\u015flar\u0131n\u0131n (enflasyonun) daha uzun s\u00fcre y\u00fcksek kalabilece\u011fine i\u015faret edebilir.<\/p>\n<p>Bu nedenle, Haziran veya Temmuz FOMC toplant\u0131lar\u0131nda (**FOMC**, Fed\u2019in faiz karar\u0131n\u0131 veren kuruldur) faiz indirimi olas\u0131l\u0131\u011f\u0131 d\u00fc\u015fm\u00fc\u015f g\u00f6r\u00fcn\u00fcyor. **Fed fon vadeli i\u015flemleri** (piyasan\u0131n Fed\u2019in gelecekteki faizini fiyatlad\u0131\u011f\u0131 s\u00f6zle\u015fmeler) da tepki verdi: Piyasa art\u0131k \u00fc\u00e7\u00fcnc\u00fc \u00e7eyrek sonuna kadar faiz indirimi ihtimalini %40 olarak fiyatl\u0131yor; ge\u00e7en ay bu oran %70\u2019ti. Bu durum, **k\u0131sa vadeli tahvil faizleri** \u00fczerinde yukar\u0131 y\u00f6nl\u00fc bask\u0131n\u0131n s\u00fcrebilece\u011fini d\u00fc\u015f\u00fcnd\u00fcr\u00fcyor. Bu da **Hazine tahvili vadeli i\u015flemlerinde** (ABD devlet tahvillerine dayal\u0131 kontratlar) d\u00fc\u015f\u00fc\u015f y\u00f6nl\u00fc pozisyonlar\u0131 daha cazip hale getirebilir.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S\u00fcrpriz veri: ABD\u2019de kapasite kullan\u0131m\u0131 Nisan\u2019da %76,1\u2019e \u00e7\u0131karak beklentiyi a\u015ft\u0131. Sanayi g\u00fc\u00e7l\u00fc, Fed\u2019in yaz faiz indirimi zorla\u015f\u0131yor. Piyasa indirimi %40\u2019a \u00e7ekti; k\u0131sa vadeli tahvil getirileri bask\u0131lanabilir.<\/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-46790","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\/46790","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=46790"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/46790\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=46790"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=46790"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=46790"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}