{"id":50112,"date":"2026-06-26T14:55:21","date_gmt":"2026-06-26T14:55:21","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr-mena\/uncategorized\/italyanin-10-yillik-tahvil-faizi-163e-geriledi-btp-bund-getirisi-farki-daralirken-euro-ve-hisse-senetleri-yukseldi\/"},"modified":"2026-06-26T14:55:21","modified_gmt":"2026-06-26T14:55:21","slug":"italyanin-10-yillik-tahvil-faizi-163e-geriledi-btp-bund-getirisi-farki-daralirken-euro-ve-hisse-senetleri-yukseldi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/italyanin-10-yillik-tahvil-faizi-163e-geriledi-btp-bund-getirisi-farki-daralirken-euro-ve-hisse-senetleri-yukseldi\/","title":{"rendered":"\u0130talya\u2019n\u0131n 10 y\u0131ll\u0131k tahvil faizi %1,63\u2019e geriledi; BTP-Bund getirisi fark\u0131 daral\u0131rken euro ve hisse senetleri y\u00fckseldi"},"content":{"rendered":"

\u0130talya, son ihalesinde 10 y\u0131ll\u0131k devlet tahvillerini %1,63 getiriyle satt\u0131; bu oran bir \u00f6nceki sat\u0131\u015ftaki %3,77 seviyesinden geriledi. D\u00fc\u015f\u00fc\u015f, bu vadede Roma\u2019n\u0131n bor\u00e7lanma maliyetlerinin keskin bi\u00e7imde azald\u0131\u011f\u0131na i\u015faret ediyor.<\/p>\n

\u0130talyan Tahvil Getirileri \u00c7\u00f6kt\u00fc, Euro B\u00f6lgesi Spread\u2019i Darald\u0131<\/h3>\n

\u0130talyan tahvil piyasas\u0131nda tarih\u00ee nitelikte bir de\u011fi\u015fim g\u00f6r\u00fcyoruz; 10 y\u0131ll\u0131k getiri %1,63\u2019e \u00e7ak\u0131ld\u0131. Bu, \u0130talyan borcunu elde tutman\u0131n alg\u0131lanan riskinde sert bir d\u00fc\u015f\u00fc\u015fe i\u015faret ediyor ve muhtemelen b\u00fcy\u00fck \u00f6l\u00e7ekli merkez bankas\u0131 ad\u0131mlar\u0131 taraf\u0131ndan destekleniyor. Bu k\u00fc\u00e7\u00fck bir hareket de\u011fil; Euro B\u00f6lgesi i\u00e7inde egemen riskin fiyatlamas\u0131n\u0131 temelinden de\u011fi\u015ftiriyor.<\/p>\n

\u0130talyan BTP\u2019leri ile Alman Bund\u2019lar\u0131 aras\u0131ndaki spread belirgin \u015fekilde s\u0131k\u0131\u015ft\u0131; son bir ayda 250 baz puan\u0131n \u00fczerinden neredeyse 115\u2019e geriledi. Bu yeni ve daha dar spread\u2019in orta vadede kal\u0131c\u0131 olaca\u011f\u0131 g\u00f6r\u00fc\u015f\u00fcndeyiz. Bu s\u0131k\u0131l\u0131\u011f\u0131n korunaca\u011f\u0131na pozisyon almak i\u00e7in tahvil vadeli i\u015flemlerini kullanmal\u0131y\u0131z; bu trende kar\u015f\u0131 durmak sonu\u00e7suz g\u00f6r\u00fcn\u00fcyor.<\/p>\n

\u0130talyan Hisseleri ve Euro \u0130\u00e7in Pozitif G\u00f6r\u00fcn\u00fcm<\/h3>\n

Bor\u00e7lanma maliyetlerindeki bu sert d\u00fc\u015f\u00fc\u015f, \u0130talyan hisseleri a\u00e7\u0131s\u0131ndan g\u00fc\u00e7l\u00fc \u015fekilde pozitif. FTSE MIB endeksi ge\u00e7en hafta %7 y\u00fckseldi ve ucuz kredi ortam\u0131n\u0131n \u015firket yat\u0131r\u0131mlar\u0131n\u0131 ve k\u00e2r b\u00fcy\u00fcmesini daha da desteklemesini bekliyoruz. Bu nedenle, beklenen yukar\u0131 y\u00f6nl\u00fc potansiyelden faydalanmak i\u00e7in FTSE MIB \u00fczerinde al\u0131m (call) opsiyonlar\u0131 al\u0131yoruz.<\/p>\n

Euro B\u00f6lgesi\u2019nde par\u00e7alanma riskinin azalmas\u0131 da para birimi i\u00e7in olumlu. Getiri d\u00fc\u015f\u00fc\u015f\u00fcne yol a\u00e7an geni\u015flemeci politikalar olsa da, kuyruk riskinin ortadan kalkmas\u0131 \u015fimdilik daha bask\u0131n bir itici g\u00fc\u00e7. EUR\/USD paritesi bu y\u0131l ilk kez 1,12\u2019nin \u00fczerine \u00e7\u0131km\u0131\u015fken, dolara kar\u015f\u0131 euro al\u0131m (call) opsiyonlar\u0131 sat\u0131n alarak daha fazla g\u00fc\u00e7lenmeye pozisyon al\u0131yoruz.<\/p>\n\n\n\n

Hemen i\u015flem yapmaya ba\u015flay\u0131n \u2014 ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in buraya<\/a> t\u0131klay\u0131n.<\/b>\n\n<\/p>","protected":false},"excerpt":{"rendered":"

\u015eok d\u00fc\u015f\u00fc\u015f: \u0130talya 10 y\u0131ll\u0131k tahvil ihalesinde getiri %3,77\u2019den %1,63\u2019e indi. BTP-Bund spread\u2019i 250 bp\u2019den 115\u2019e s\u0131k\u0131\u015ft\u0131; FTSE MIB ve euro i\u00e7in yukar\u0131 potansiyel \u00f6ne \u00e7\u0131k\u0131yor.<\/p>\n","protected":false},"author":87,"featured_media":50049,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-50112","post","type-post","status-publish","format-standard","has-post-thumbnail","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\/50112","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=50112"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/50112\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media\/50049"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=50112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=50112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=50112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}