{"id":50679,"date":"2026-07-06T09:58:49","date_gmt":"2026-07-06T09:58:49","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr-mena\/uncategorized\/fed-tutanaklari-oncesinde-abd-10-yillik-tahvil-faizi-hafif-geriledi\/"},"modified":"2026-07-06T09:58:49","modified_gmt":"2026-07-06T09:58:49","slug":"fed-tutanaklari-oncesinde-abd-10-yillik-tahvil-faizi-hafif-geriledi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/analysis\/fed-tutanaklari-oncesinde-abd-10-yillik-tahvil-faizi-hafif-geriledi\/","title":{"rendered":"Fed Tutanaklar\u0131 \u00d6ncesinde ABD 10 Y\u0131ll\u0131k Tahvil Faizi Hafif Geriledi"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/wp-content\/uploads\/2026\/07\/10Y-US-Treasury-2-r-1-1024x558.webp\" alt=\"\" class=\"wp-image-61115\"\/><\/figure>\n\n\n\n<p><strong>\u00d6ne \u00c7\u0131kanlar<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>ABD 10 y\u0131ll\u0131k Hazine tahvili faizi, ge\u00e7en hafta 4,50% seviyesine yakla\u015fmas\u0131n\u0131n ard\u0131ndan 4,47%\u2019ye geriledi.<\/li>\n\n\n\n<li>Haziran tar\u0131m d\u0131\u015f\u0131 istihdam 57 bin artt\u0131; 110 bin art\u0131\u015f beklentisinin alt\u0131nda kald\u0131.<\/li>\n\n\n\n<li>Nisan ve May\u0131s istihdam verileri toplam 74 bin a\u015fa\u011f\u0131 y\u00f6nl\u00fc revize edildi (revizyon: a\u00e7\u0131klanan eski verinin sonradan d\u00fczeltilmesi).<\/li>\n\n\n\n<li>Zay\u0131f i\u015fg\u00fcc\u00fc verisi, Fed\u2019in (ABD Merkez Bankas\u0131) k\u0131sa vadede yeni bir faiz art\u0131\u015f\u0131 yapaca\u011f\u0131 beklentisini azaltt\u0131.<\/li>\n\n\n\n<li>Petrol fiyatlar\u0131ndaki d\u00fc\u015f\u00fc\u015f, daha \u00f6nce tahvil faizlerini yukar\u0131 iten enflasyon kayg\u0131lar\u0131n\u0131n bir k\u0131sm\u0131n\u0131 azaltt\u0131 (enflasyon: fiyatlar\u0131n genel art\u0131\u015f\u0131).<\/li>\n\n\n\n<li>US10Y g\u00fcnl\u00fck grafikte ilk destek 4,44% civar\u0131; 4,48%\u20134,50% ise ilk diren\u00e7 b\u00f6lgesi (destek\/diren\u00e7: fiyat ya da faizin zorland\u0131\u011f\u0131 seviyeler).<\/li>\n<\/ul>\n\n\n\n<p>ABD 10 y\u0131ll\u0131k Hazine tahvili faizi, yat\u0131r\u0131mc\u0131lar\u0131n daha zay\u0131f gelen istihdam verisini de\u011ferlendirmeyi s\u00fcrd\u00fcrmesi ve Fed\u2019in haziran toplant\u0131 tutanaklar\u0131n\u0131 (minutes: toplant\u0131n\u0131n ayr\u0131nt\u0131l\u0131 notlar\u0131) beklemesiyle pazartesi g\u00fcn\u00fc geriledi.<\/p>\n\n\n\n<p>US10Y 4,47%\u2019ye y\u00f6nelerek son y\u00fckseli\u015finin bir k\u0131sm\u0131n\u0131 geri verdi. Tahvil fiyatlar\u0131 ile faizler genelde ters hareket eder; faiz d\u00fc\u015f\u00fc\u015f\u00fc, 10 y\u0131ll\u0131k Hazine tahviline talebin artt\u0131\u011f\u0131na i\u015faret etti.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Treasuries rallied after a weaker-than-expected jobs report prompted traders to scale back expectations that the Federal Reserve will raise interest rates in the coming months <a href=\"https:\/\/t.co\/Citg9ZByB8\">https:\/\/t.co\/Citg9ZByB8<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/x.com\/business\/status\/2072664122957693197?ref_src=twsrc%5Etfw\">July 2, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Bu hareket, Hazine piyasas\u0131n\u0131n haziran istihdam raporuna verdi\u011fi tepkinin devam\u0131 niteli\u011finde oldu. ABD\u2019de tar\u0131m d\u0131\u015f\u0131 istihdam 57 bin artt\u0131; 110 bin beklentisinin alt\u0131nda kald\u0131. Nisan ve May\u0131s verileri de toplam 74 bin a\u015fa\u011f\u0131 revize edildi.<\/p>\n\n\n\n<p>\u0130\u015fsizlik oran\u0131 4,2%\u2019ye gerilerken, i\u015fg\u00fcc\u00fcne kat\u0131l\u0131m oran\u0131 (\u00e7al\u0131\u015fan ya da i\u015f arayanlar\u0131n n\u00fcfusa oran\u0131) 61,5%\u2019e d\u00fc\u015ft\u00fc. Bu durum, i\u015fsizlikteki d\u00fc\u015f\u00fc\u015f\u00fcn bir k\u0131sm\u0131n\u0131n daha g\u00fc\u00e7l\u00fc i\u015fe al\u0131mdan de\u011fil, daha az ki\u015finin i\u015fg\u00fcc\u00fcnde yer almas\u0131ndan kaynaklanabilece\u011fini g\u00f6sterdi.<\/p>\n\n\n\n<p>Zay\u0131f rapor, Fed\u2019e ek s\u0131k\u0131la\u015fma (tahmin edilen faiz art\u0131\u015f\u0131\/politikan\u0131n daha sertle\u015fmesi) karar\u0131n\u0131 vermeden \u00f6nce enflasyonu izlemek i\u00e7in daha fazla alan a\u00e7t\u0131.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">The US economy added just 57,000 jobs in June, far fewer than forecast. Joachim Klement of Panmure Liberum tells Reuters that gives the Fed time to see how inflation plays out, and he doesn&#39;t believe there will be a rate hike this year at all <a href=\"https:\/\/t.co\/noQtCGGYhi\">https:\/\/t.co\/noQtCGGYhi<\/a> <a href=\"https:\/\/t.co\/dG3Zul70LZ\">pic.twitter.com\/dG3Zul70LZ<\/a><\/p>&mdash; Reuters (@Reuters) <a href=\"https:\/\/x.com\/Reuters\/status\/2073034020498424286?ref_src=twsrc%5Etfw\">July 3, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Fed\u2019in bu y\u0131l yeni bir faiz art\u0131\u015f\u0131ndan ka\u00e7\u0131nabilece\u011fi g\u00f6r\u00fc\u015f\u00fc, kesinle\u015fmi\u015f bir karar de\u011fil, piyasa yorumudur. Ancak daha zay\u0131f i\u015fg\u00fcc\u00fc verisi, yat\u0131r\u0131mc\u0131lar\u0131n k\u0131sa vadeli s\u0131k\u0131la\u015fma beklentisini d\u00fc\u015f\u00fcrmesine yol a\u00e7t\u0131; bu da tahvil fiyatlar\u0131n\u0131 destekleyip faizler \u00fczerinde a\u015fa\u011f\u0131 y\u00f6nl\u00fc bask\u0131 yaratt\u0131.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Yat\u0131r\u0131mc\u0131lar Neden Bunu \u0130zliyor?<\/h2>\n\n\n\n<p>ABD 10 y\u0131ll\u0131k tahvil faizi, daha uzun vadede b\u00fcy\u00fcme, enflasyon ve Fed politikas\u0131na ili\u015fkin beklentileri yans\u0131tt\u0131\u011f\u0131 i\u00e7in yak\u0131ndan izlenir.<\/p>\n\n\n\n<p>Mevcut hareket, zay\u0131flayan istihdam art\u0131\u015f\u0131 ile s\u00fcren enflasyon kayg\u0131lar\u0131n\u0131n ayn\u0131 anda fiyatlanmas\u0131 nedeniyle \u00f6nem ta\u015f\u0131yor.<\/p>\n\n\n\n<p>Daha yava\u015f i\u015fe al\u0131m, k\u0131sa vadede yeni bir faiz art\u0131\u015f\u0131 ihtiyac\u0131n\u0131 azaltabilir. Ancak Fed, enflasyon konusunda s\u0131k\u0131 duru\u015funu koruyor ve ek ad\u0131m ihtimalini tamamen d\u0131\u015flamad\u0131.<\/p>\n\n\n\n<p>Fed, 16\u201317 Haziran toplant\u0131s\u0131nda politika faizini (federal fon oran\u0131: bankalar\u0131n gecelik bor\u00e7lanma faizi i\u00e7in hedef aral\u0131k) <a href=\"https:\/\/www.federalreserve.gov\/newsevents\/pressreleases\/monetary20260617a.htm\">3,50%\u20133,75%<\/a> aral\u0131\u011f\u0131nda sabit tuttu.<\/p>\n\n\n\n<p>Yakla\u015fan FOMC tutanaklar\u0131, karar vericilerin enflasyonu, istihdam ko\u015fullar\u0131n\u0131 ve ek s\u0131k\u0131la\u015fma gere\u011fini nas\u0131l de\u011ferlendirdi\u011fine dair daha ayr\u0131nt\u0131l\u0131 sinyaller verebilir. (FOMC: Fed\u2019in faiz karar\u0131n\u0131 veren kurul.)<\/p>\n\n\n\n<p>Bu nedenle US10Y, tutanaklar \u00f6ncesi ve sonras\u0131nda faiz beklentilerindeki de\u011fi\u015fime duyarl\u0131 kalabilir.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Kritik Getiri (Faiz) Seviyeleri<\/h2>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/wp-content\/uploads\/2026\/07\/10Y-US-Treasury.webp\" alt=\"\" class=\"wp-image-61118\"\/><\/figure>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Faiz Seviyesi<\/strong><\/td><td><strong>Yat\u0131r\u0131mc\u0131lar Ne \u0130zliyor?<\/strong><\/td><\/tr><tr><td>4,56%<\/td><td>Haziran zirvelerinden gelen g\u00fc\u00e7l\u00fc diren\u00e7<\/td><\/tr><tr><td>4,52%<\/td><td>Mevcut band\u0131n \u00fczerinde ikinci diren\u00e7<\/td><\/tr><tr><td>4,50%<\/td><td>\u00d6nemli psikolojik ve teknik diren\u00e7<\/td><\/tr><tr><td>4,48%<\/td><td>Son seans zirvesine yak\u0131n ilk diren\u00e7<\/td><\/tr><tr><td>4,47%<\/td><td>Mevcut b\u00f6lge<\/td><\/tr><tr><td>4,44%<\/td><td>K\u0131sa vadede ilk destek<\/td><\/tr><tr><td>4,40%<\/td><td>\u00d6nemli psikolojik ve teknik destek<\/td><\/tr><tr><td>4,36%<\/td><td>Son dip ve daha geni\u015f a\u015fa\u011f\u0131 y\u00f6nl\u00fc destek<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>US10Y g\u00fcnl\u00fck grafi\u011fi, faizin 4,36% civar\u0131ndaki haziran sonu dibinden (swing low: son d\u00f6nemde g\u00f6r\u00fclen dip) toparlanmas\u0131n\u0131n ard\u0131ndan 4,465% \u00e7evresinde oldu\u011funu g\u00f6steriyor. Ancak y\u00fckseli\u015f, 4,48%\u20134,50% diren\u00e7 b\u00f6lgesinin alt\u0131nda zay\u0131flad\u0131.<\/p>\n\n\n\n<p>4,48% \u00fczerinde kal\u0131c\u0131 bir hareket, 4,50% seviyesini yeniden g\u00fcndeme ta\u015f\u0131yabilir. Daha g\u00fc\u00e7l\u00fc bir y\u00fckseli\u015f i\u00e7in faizin 4,50% \u00fczerine \u00e7\u0131k\u0131p burada kalmas\u0131 gerekir.<\/p>\n\n\n\n<p>Bu seviyenin net \u015fekilde a\u015f\u0131lmas\u0131, 4,52% ve ard\u0131ndan 4,56% civar\u0131ndaki daha geni\u015f diren\u00e7 alan\u0131na oda\u011f\u0131 kayd\u0131rabilir.<\/p>\n\n\n\n<p>A\u015fa\u011f\u0131da ise ilk izlenecek destek 4,44%. Bu seviyenin alt\u0131na ini\u015f, 4,40% psikolojik e\u015fi\u011fini \u00f6ne \u00e7\u0131karabilir.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Yukar\u0131 ve A\u015fa\u011f\u0131 Senaryolar<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Senaryo<\/strong><\/td><td><strong>Tetikleyici<\/strong><\/td><td><strong>Olas\u0131 Piyasa Tepkisi<\/strong><\/td><\/tr><tr><td>Faizde Toparlanma<\/td><td>4,48% \u00fczerine \u00e7\u0131k\u0131\u015f<\/td><td>US10Y 4,50% seviyesini yeniden test edebilir<\/td><\/tr><tr><td>Faizde K\u0131r\u0131lma<\/td><td>4,50% \u00fczeri<\/td><td>Oda\u011f\u0131n 4,52%\u20134,56% band\u0131na kaymas\u0131<\/td><\/tr><tr><td>Bant Hareketi<\/td><td>4,44%\u20134,50% aral\u0131\u011f\u0131nda kalmas\u0131<\/td><td>Piyasa daha net Fed sinyali bekleyebilir<\/td><\/tr><tr><td>Faizde D\u00fc\u015f\u00fc\u015f<\/td><td>4,44% alt\u0131<\/td><td>US10Y 4,40%\u2019a gerileyebilir<\/td><\/tr><tr><td>D\u00fc\u015f\u00fc\u015f\u00fcn Derinle\u015fmesi<\/td><td>4,40% alt\u0131<\/td><td>Gerileme 4,36%\u2019ya uzayabilir<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Faizin y\u00fckseldi\u011fi senaryoda, US10Y\u2019nin 4,48% \u00fczerine \u00e7\u0131kmas\u0131 ve 4,50%\u2019yi net bi\u00e7imde a\u015fmas\u0131 gerekir. Bu, piyasan\u0131n daha s\u0131k\u0131 politika beklentisini veya kal\u0131c\u0131 enflasyonu yeniden fiyatlad\u0131\u011f\u0131n\u0131 g\u00f6sterebilir.<\/p>\n\n\n\n<p>Daha g\u00fc\u00e7l\u00fc bir y\u00fckseli\u015f i\u00e7in 4,52%\u2019nin de a\u015f\u0131lmas\u0131 gerekir. Bu olursa 4,56% civar\u0131ndaki diren\u00e7 g\u00fcndeme gelebilir.<\/p>\n\n\n\n<p>N\u00f6tr senaryo, 4,44%\u20134,50% aras\u0131nda yatay seyirdir. Bu, yat\u0131r\u0131mc\u0131lar\u0131n FOMC tutanaklar\u0131n\u0131 ve yakla\u015fan Hazine ihalelerini (Treasury auction: devletin yeni tahvil sat\u0131\u015f\u0131) bekledi\u011fine i\u015faret edebilir.<\/p>\n\n\n\n<p>Faizin d\u00fc\u015ft\u00fc\u011f\u00fc senaryo, US10Y\u2019nin 4,44% alt\u0131na inmesiyle g\u00fc\u00e7lenir. Net k\u0131r\u0131lma 4,40% seviyesini \u00f6ne \u00e7\u0131kar\u0131r. 4,40% da k\u0131r\u0131l\u0131rsa faiz 4,36% civar\u0131ndaki son dibe geri d\u00f6nebilir.<\/p>\n\n\n\n<p>Faiz d\u00fc\u015f\u00fc\u015f\u00fc genelde tahvil fiyatlar\u0131n\u0131 destekler; faiz y\u00fckseli\u015fi ise tahvil fiyatlar\u0131 \u00fczerinde bask\u0131 olu\u015fturur.<\/p>\n\n\n\n<p><em>Sorumluluk Reddi<\/em><\/p>\n\n\n\n<p><em>Yukar\u0131daki seviyeler ve senaryolar, yaz\u0131m an\u0131ndaki g\u00f6r\u00fc\u015f\u00fc yans\u0131t\u0131r; yat\u0131r\u0131m tavsiyesi ya da VT Markets\u2019in resmi \u00f6nerisi de\u011fildir. Yat\u0131r\u0131mc\u0131lar kendi analizini yapmal\u0131 ve riski dikkatle y\u00f6netmelidir.<\/em><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">VT Markets ile ABD Hazine Tahvili CFD \u0130\u015flemleri<\/h2>\n\n\n\n<p>ABD Hazine piyasas\u0131nda, istihdam verileri, enflasyon beklentileri ve Fed\u2019in y\u00f6nlendirmesi (policy signals: gelece\u011fe d\u00f6n\u00fck mesajlar) de\u011fi\u015fti\u011finde sert hareketler g\u00f6r\u00fclebilir.<\/p>\n\n\n\n<p>VT Markets ile yat\u0131r\u0131mc\u0131lar, tek bir i\u015flem platformu \u00fczerinden tahvil CFD\u2019lerine eri\u015febilir ve ABD Hazine piyasas\u0131ndaki de\u011fi\u015fimleri izleyebilir. (CFD: fark s\u00f6zle\u015fmesi; varl\u0131\u011f\u0131n kendisini almadan fiyat de\u011fi\u015fimi \u00fczerinden i\u015flem.)<\/p>\n\n\n\n<p>VT Markets, faiz hareketlerini takip etmek ve kritik seviyeleri izlemek i\u00e7in ara\u00e7lar sunar. US10Y 4,50% \u00fczerine \u00e7\u0131ksa da 4,40% alt\u0131na inse de, yat\u0131r\u0131mc\u0131lar geli\u015fmi\u015f grafiklerle (charting tools: fiyat grafi\u011fi analiz ara\u00e7lar\u0131) izlemede kalabilir.<\/p>\n\n\n\n<p>VT Markets\u2019te <a href=\"https:\/\/www.vtmarkets.com\/cfd-bonds\/\">tahvil CFD<\/a> i\u015flemleri hakk\u0131nda <a href=\"https:\/\/www.vtmarkets.com\/Insights\/\">buradan<\/a> bilgi al\u0131n.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Neden ABD Hazine Tahvili CFD \u0130\u015flemi?<\/h2>\n\n\n\n<p>Tahvil CFD\u2019leri, yat\u0131r\u0131mc\u0131n\u0131n Hazine k\u00e2\u011f\u0131d\u0131n\u0131 do\u011frudan sat\u0131n almadan tahvil fiyat\u0131ndaki y\u00fckseli\u015f veya d\u00fc\u015f\u00fc\u015f y\u00f6n\u00fcnde pozisyon almas\u0131na imk\u00e2n verir.<\/p>\n\n\n\n<p>Tahvil fiyat\u0131 ile faiz genelde ters hareket eder. US10Y d\u00fc\u015ft\u00fc\u011f\u00fcnde tahvil fiyatlar\u0131 destek bulabilir; US10Y y\u00fckseldi\u011finde ise fiyatlar bask\u0131 g\u00f6rebilir.<\/p>\n\n\n\n<p>Tahvil CFD\u2019leri, istihdam raporlar\u0131, enflasyon verileri ve Fed kararlar\u0131n\u0131n ABD Hazine piyasas\u0131nda oynakl\u0131\u011f\u0131 (volatility: fiyatlar\u0131n h\u0131zl\u0131 ve geni\u015f aral\u0131kta dalgalanmas\u0131) art\u0131rd\u0131\u011f\u0131 d\u00f6nemlerde kullan\u0131labilir.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">S\u0131rada Ne Var?<\/h2>\n\n\n\n<p>En \u00f6nemli ba\u015fl\u0131k, Fed\u2019in <strong>16\u201317 Haziran<\/strong> toplant\u0131s\u0131na ait tutanaklar olacak. Tutanaklar\u0131n <strong>8 Temmuz \u00c7ar\u015famba<\/strong> g\u00fcn\u00fc yay\u0131mlanmas\u0131 planlan\u0131yor.<\/p>\n\n\n\n<p>Yat\u0131r\u0131mc\u0131lar\u0131n \u00f6zellikle arayaca\u011f\u0131 detaylar:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Yeni bir faiz art\u0131\u015f\u0131na ne \u00f6l\u00e7\u00fcde destek oldu\u011fu<\/li>\n\n\n\n<li>Kal\u0131c\u0131 enflasyonla ilgili kayg\u0131n\u0131n seviyesi<\/li>\n\n\n\n<li>Zay\u0131flayan istihdam art\u0131\u015f\u0131n\u0131n g\u00fcndeme gelip gelmedi\u011fi<\/li>\n\n\n\n<li>Hangi ekonomik ko\u015fullar\u0131n politika duru\u015funu de\u011fi\u015ftirebilece\u011fi<\/li>\n\n\n\n<li>Enflasyon ve istihdam riskleri aras\u0131ndaki dengenin nas\u0131l de\u011ferlendirildi\u011fi<\/li>\n<\/ul>\n\n\n\n<p>Tutanaklar\u0131n dili, US10Y\u2019nin 4,50% alt\u0131nda kal\u0131p kalmayaca\u011f\u0131n\u0131 ya da yeniden y\u00fckseli\u015fe ge\u00e7ip ge\u00e7meyece\u011fini etkileyebilir.<\/p>\n\n\n\n<p>Hazine ihaleleri de yat\u0131r\u0131mc\u0131 talebini test edecek. 10 y\u0131l ve 30 y\u0131l vadeli ka\u011f\u0131t sat\u0131\u015flar\u0131, al\u0131c\u0131lar\u0131n mevcut faiz seviyelerinde uzun vadeli kamu borcunu ne \u00f6l\u00e7\u00fcde almak istedi\u011fini g\u00f6sterebilir.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">The US bond market faces a test of investor demand for longer-dated maturities, with auctions of 10- and 30-year Treasuries highlighting an otherwise light week <a href=\"https:\/\/t.co\/1YfgUxRNTh\">https:\/\/t.co\/1YfgUxRNTh<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/x.com\/business\/status\/2073894950693998769?ref_src=twsrc%5Etfw\">July 5, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>\u0130haleye g\u00fc\u00e7l\u00fc talep, US10Y\u2019yi s\u0131n\u0131rlayabilir; zay\u0131f talep ise faizi yukar\u0131 itebilir.<\/p>\n\n\n\n<p>Tutanaklar ve ihalelerin yan\u0131nda enflasyon verileri, haftal\u0131k i\u015fsizlik maa\u015f\u0131 ba\u015fvurular\u0131 ve Fed yetkililerinin a\u00e7\u0131klamalar\u0131 izlenecek.<\/p>\n\n\n\n<p>K\u0131sa vadede ana bant 4,44%\u20134,50%. 4,50% \u00fczerine net \u00e7\u0131k\u0131\u015f 4,52% ve 4,56% seviyelerini \u00f6ne \u00e7\u0131karabilir; 4,44% alt\u0131na ini\u015f ise 4,40%\u2019\u0131 g\u00fcndeme getirebilir.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">S\u0131k Sorulan Sorular<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">ABD 10 y\u0131ll\u0131k tahvil faizi neden d\u00fc\u015ft\u00fc?<\/h3>\n\n\n\n<p>US10Y, haziranda istihdam art\u0131\u015f\u0131n\u0131n 57 bine yava\u015flamas\u0131 ve \u00f6nceki iki aya ait verilerin a\u015fa\u011f\u0131 revize edilmesinin ard\u0131ndan geriledi. Bu veriler, Fed\u2019in k\u0131sa vadede yeniden s\u0131k\u0131la\u015fmaya gitme ihtimaline dair beklentileri azaltt\u0131.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Faizler d\u00fc\u015f\u00fcnce tahvil fiyatlar\u0131na ne olur?<\/h3>\n\n\n\n<p>Tahvil fiyatlar\u0131 ile faizler genelde ters hareket eder. Tahvile talep artt\u0131\u011f\u0131nda fiyat y\u00fckselir, faiz d\u00fc\u015fer. Tahvil sat\u0131\u015f\u0131 artt\u0131\u011f\u0131nda fiyat d\u00fc\u015fer, faiz y\u00fckselir.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">ABD 10 y\u0131ll\u0131k \u201cbond\u201d mu \u201cnote\u201d mu?<\/h3>\n\n\n\n<p>ABD Hazine Bakanl\u0131\u011f\u0131, ilk vadeleri iki ile on y\u0131l aras\u0131nda olan menkul k\u0131ymetleri \u201cnote\u201d (orta vadeli tahvil) olarak s\u0131n\u0131fland\u0131r\u0131r. Bu nedenle 10 y\u0131ll\u0131k g\u00f6sterge ka\u011f\u0131t teknik olarak \u201cTreasury note\u201dtur; yine de piyasada genel olarak tahvil piyasas\u0131n\u0131n par\u00e7as\u0131 olarak an\u0131l\u0131r.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">FOMC tutanaklar\u0131 US10Y i\u00e7in neden \u00f6nemli?<\/h3>\n\n\n\n<p>Tutanaklar, karar metninden daha fazla ayr\u0131nt\u0131 i\u00e7erir. Enflasyonun, istihdam ko\u015fullar\u0131n\u0131n ve olas\u0131 ek faiz de\u011fi\u015fikliklerinin nas\u0131l de\u011ferlendirildi\u011fine dair ipucu verebilir.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">US10Y\u2019de izlenecek ana seviyeler hangileri?<\/h3>\n\n\n\n<p>\u0130lk destek 4,44%; ard\u0131ndan 4,40% ve 4,36%. \u0130lk diren\u00e7 4,48%; ard\u0131ndan 4,50%, 4,52% ve 4,56%.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">US10Y\u2019yi 4,50% \u00fczerine ne ta\u015f\u0131yabilir?<\/h3>\n\n\n\n<p>Daha g\u00fc\u00e7l\u00fc ekonomik veriler, kal\u0131c\u0131 enflasyon veya Fed\u2019den daha \u201c\u015fahin\u201d (faiz art\u0131\u015f\u0131na daha yatk\u0131n) mesajlar, politika faizlerinin daha y\u00fcksek kalaca\u011f\u0131 beklentisini art\u0131rarak US10Y\u2019yi son diren\u00e7 b\u00f6lgesinin \u00fczerine ta\u015f\u0131yabilir.<\/p>\n\n\n\n\n<p><b>Hemen i\u015flem yapmaya ba\u015flay\u0131n \u2014 ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in <a href=\"https:\/\/www.vtmarkets.com\/tr-mena\/trade-now\">buraya<\/a> t\u0131klay\u0131n.<\/b>\n\n<\/p>","protected":false},"excerpt":{"rendered":"<p>ABD 10 y\u0131ll\u0131k tahvil faizi 4,50% e\u015fi\u011finden geri d\u00f6n\u00fcp 4,47%\u2019ye indi: zay\u0131f tar\u0131m d\u0131\u015f\u0131 istihdam ve revizyonlar Fed\u2019de yeni faiz art\u0131\u015f\u0131 beklentisini t\u00f6rp\u00fcledi, g\u00f6zler FOMC tutanaklar\u0131nda.<\/p>\n","protected":false},"author":87,"featured_media":50678,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-50679","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/50679","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=50679"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/50679\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media\/50678"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=50679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=50679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=50679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}