{"id":48181,"date":"2026-03-06T07:46:20","date_gmt":"2026-03-06T07:46:20","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/abdnin-dort-haftalik-hazine-bonosu-ihalesinde-getiri-364-oldu-onceki-3625e-gore-hafif-yukseldi\/"},"modified":"2026-03-06T07:46:20","modified_gmt":"2026-03-06T07:46:20","slug":"abdnin-dort-haftalik-hazine-bonosu-ihalesinde-getiri-364-oldu-onceki-3625e-gore-hafif-yukseldi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/abdnin-dort-haftalik-hazine-bonosu-ihalesinde-getiri-364-oldu-onceki-3625e-gore-hafif-yukseldi\/","title":{"rendered":"ABD\u2019nin d\u00f6rt haftal\u0131k Hazine bonosu ihalesinde getiri %3,64 oldu; \u00f6nceki %3,625\u2019e g\u00f6re hafif y\u00fckseldi."},"content":{"rendered":"ABD, 4 haftal\u0131k Hazine bonolar\u0131n\u0131 (k\u0131sa vadeli devlet bor\u00e7lanma senedi) ihalede %3,64 getiriyle satt\u0131. \u00d6nceki benzer seviye %3,625 idi.\n\nBu, iki rakam aras\u0131nda 0,015 y\u00fczde puanl\u0131k art\u0131\u015f oldu\u011funu g\u00f6steriyor. Bu g\u00fcncelleme yaln\u0131zca ihale sonucu ve daha \u00f6nce belirtilen oranla ilgilidir.\n\n

K\u0131sa Vadeli Getiriler ve Fed Beklentileri<\/h3>\n4 haftal\u0131k bono ihalesinde getirinin %3,64\u2019e hafif y\u00fckselmesi \u00f6nemli bir sinyal. Bu, piyasan\u0131n k\u0131sa vadeli bor\u00e7lanma senetlerini elde tutmak i\u00e7in daha y\u00fcksek getiri (yat\u0131r\u0131mc\u0131n\u0131n bekledi\u011fi kazan\u00e7 oran\u0131) istedi\u011fini g\u00f6sterir. Bunun ana nedeni, ABD Merkez Bankas\u0131\u2019n\u0131n (Fed) s\u0131k\u0131 para politikas\u0131n\u0131 s\u00fcrd\u00fcrme ihtimalidir. Ocak 2026 T\u00fcketici Fiyat Endeksi (T\u00dcFE\/CPI: enflasyonun temel g\u00f6stergesi) verisi, enflasyonun %3,2\u2019de kald\u0131\u011f\u0131n\u0131 ve Fed\u2019in hedefinin \u00fczerinde seyretti\u011fini ortaya koydu.\n\nBu tabloyla birlikte SOFR vadeli i\u015flemler piyasas\u0131nda (SOFR: ABD\u2019de gecelik teminatl\u0131 fonlama faizini g\u00f6steren referans oran; vadeli i\u015flem: gelecekteki fiyat\/faiz beklentisine g\u00f6re i\u015flem g\u00f6ren s\u00f6zle\u015fme) fiyatlamalar de\u011fi\u015fiyor ve faiz art\u0131\u015f\u0131 olas\u0131l\u0131\u011f\u0131 y\u00fckseliyor. CME FedWatch arac\u0131 (vadeli i\u015flemlere dayanarak Fed toplant\u0131s\u0131 i\u00e7in olas\u0131l\u0131k hesaplayan g\u00f6sterge) Nisan toplant\u0131s\u0131nda 25 baz puanl\u0131k (baz puan: y\u00fczde puan\u0131n 100\u2019de 1\u2019i; 25 baz puan = 0,25 y\u00fczde puan) art\u0131\u015f ihtimalini %35\u2019e \u00e7\u0131kar\u0131yor; bu oran d\u00fcn %28\u2019di. Bu nedenle yak\u0131n vadeli faiz vadeli i\u015flemlerinde sat\u0131\u015f y\u00f6nl\u00fc pozisyon almak, daha y\u00fcksek faiz riskine kar\u015f\u0131 korunma (hedge: riski dengeleme) amac\u0131yla daha fazla g\u00fcndeme geliyor.\n\nFaizlerdeki yukar\u0131 y\u00f6nl\u00fc bask\u0131, hisse senetleri i\u00e7in olumsuzdur; \u00f6zellikle faizlere duyarl\u0131 teknoloji ve b\u00fcy\u00fcme hisseleri daha fazla etkilenir. Olas\u0131 bir d\u00fc\u015f\u00fc\u015fe kar\u015f\u0131 Nasdaq 100 gibi endekslerde koruyucu sat\u0131m opsiyonu (protective put: portf\u00f6y d\u00fc\u015ferse de\u011fer kazanan, zarar\u0131 s\u0131n\u0131rlayan opsiyon) almak de\u011ferlendirilebilir. VIX endeksinin (piyasa oynakl\u0131k\/korku g\u00f6stergesi) bu hafta 17,5\u2019e y\u00fckselmesi ve ge\u00e7en ay 15 seviyelerinde olmas\u0131, risk alg\u0131s\u0131n\u0131n artt\u0131\u011f\u0131na i\u015faret ediyor.\n\n2025\u2019e d\u00f6n\u00fcp bak\u0131ld\u0131\u011f\u0131nda, k\u0131sa vadeli getirilerdeki k\u00fc\u00e7\u00fck y\u00fckseli\u015fler \u00e7o\u011fu zaman daha b\u00fcy\u00fck piyasa hareketlerinden \u00f6nce g\u00f6r\u00fclm\u00fc\u015ft\u00fc. Bu t\u00fcr ince sinyaller, Fed\u2019in y\u00f6nlendirmesini (policy guidance: gelece\u011fe d\u00f6n\u00fck para politikas\u0131 mesaj\u0131) daha net de\u011fi\u015ftirmesinden \u00f6nce erken uyar\u0131 niteli\u011fi ta\u015f\u0131yabiliyordu. Bu tarihsel \u00f6r\u00fcnt\u00fc, bug\u00fcnk\u00fc ihale sonucunun da oynakl\u0131k art\u0131\u015f\u0131 i\u00e7in \u00f6nc\u00fc g\u00f6sterge olabilece\u011fini d\u00fc\u015f\u00fcnd\u00fcr\u00fcyor.\n\nFed\u2019in daha \u201c\u015fahin\u201d g\u00f6r\u00fcn\u00fcm\u00fc (hawkish: enflasyonu d\u00fc\u015f\u00fcrmek i\u00e7in faiz art\u0131rmaya daha istekli duru\u015f) ABD dolar\u0131n\u0131 g\u00fc\u00e7lendirebilir. Yat\u0131r\u0131mc\u0131lar, euro ve yen gibi para birimlerine kar\u015f\u0131 dolarda uzun pozisyonlar\u0131 (long: y\u00fckseli\u015f beklentisiyle al\u0131nan pozisyon) art\u0131rabilir. Bu ortamda dolar endeksi \u00fczerine al\u0131m opsiyonu (call option: fiyat y\u00fckselirse kazan\u00e7 sa\u011flayan opsiyon) almak, \u00f6n\u00fcm\u00fczdeki haftalar i\u00e7in \u00f6ne \u00e7\u0131kan bir strateji olabilir.\n\n

Dolar G\u00fcc\u00fc ve Pozisyonlanma<\/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":"

ABD 4 haftal\u0131k bonoda getiri %3,64\u2019e \u00e7\u0131kt\u0131; 1,5 baz puanl\u0131k art\u0131\u015f Fed\u2019in \u015fahin kalabilece\u011fi sinyalini g\u00fc\u00e7lendirdi. FedWatch Nisan\u2019da 25 bp art\u0131\u015f\u0131 %35 g\u00f6r\u00fcyor; risk, VIX\u2019te y\u00fckseli\u015fi tetikliyor.<\/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-48181","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\/48181","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=48181"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/48181\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=48181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=48181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=48181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}