{"id":51166,"date":"2026-07-17T18:00:10","date_gmt":"2026-07-17T18:00:10","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr-mena\/uncategorized\/abd-sanayi-uretimi-beklentilerin-altinda-kaldi-faiz-indirimi-beklentileri-ve-varliklar-arasi-hedge-stratejileri-guclendi\/"},"modified":"2026-07-17T18:00:10","modified_gmt":"2026-07-17T18:00:10","slug":"abd-sanayi-uretimi-beklentilerin-altinda-kaldi-faiz-indirimi-beklentileri-ve-varliklar-arasi-hedge-stratejileri-guclendi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/abd-sanayi-uretimi-beklentilerin-altinda-kaldi-faiz-indirimi-beklentileri-ve-varliklar-arasi-hedge-stratejileri-guclendi\/","title":{"rendered":"ABD sanayi \u00fcretimi beklentilerin alt\u0131nda kald\u0131; faiz indirimi beklentileri ve varl\u0131klar aras\u0131 hedge stratejileri g\u00fc\u00e7lendi"},"content":{"rendered":"

ABD sanayi \u00fcretimi haziranda ayl\u0131k bazda %0,1 artt\u0131. Bu art\u0131\u015f, piyasan\u0131n bekledi\u011fi %0,2\u2019lik y\u00fckseli\u015fin alt\u0131nda kalarak \u00fcretim b\u00fcy\u00fcmesinin \u00f6ng\u00f6r\u00fclenden daha \u0131l\u0131ml\u0131 seyretti\u011fine i\u015faret etti.<\/p>\n

Veri, a\u00e7\u0131klanan rakam ile beklentiler aras\u0131nda 0,1 y\u00fczde puanl\u0131k bir fark olu\u015fturdu. Haziran verisi \u00fcretimi pozitif b\u00f6lgede tutsa da, beklentilerin alt\u0131nda kalan sonu\u00e7 ABD imalat ivmesine ili\u015fkin k\u0131sa vadeli de\u011ferlendirmeleri etkileyebilir.<\/p>\n

So\u011fuyan \u0130malat Sekt\u00f6r\u00fc ve Politika Yans\u0131malar\u0131<\/h3>\n

Haziranda sanayi \u00fcretiminin yaln\u0131zca %0,1 artmas\u0131, imalat sekt\u00f6r\u00fcn\u00fcn piyasan\u0131n \u00f6ng\u00f6rd\u00fc\u011f\u00fcnden daha h\u0131zl\u0131 ivme kaybetti\u011fini g\u00f6steriyor. Bu zay\u0131f veri noktas\u0131, genel ekonominin so\u011fudu\u011funa i\u015faret eden g\u00f6stergelerin birikimine ekleniyor. Bizce bu s\u00fcrpriz, Fed\u2019in \u00f6n\u00fcm\u00fczdeki haftalarda faiz indirimlerine daha agresif bir patika ile y\u00f6nelmeyi de\u011ferlendirmesine neden olacak.<\/p>\n

Sabit getirili t\u00fcrev piyasas\u0131 yat\u0131r\u0131mc\u0131lar\u0131 i\u00e7in, Hazine tahvili vadeli i\u015flemlerinde uzun pozisyonlara bak\u0131lmas\u0131n\u0131 veya Teminatl\u0131 Gecelik Finansman Oran\u0131 (SOFR) vadeli i\u015flemleri \u00fczerinde al\u0131m (call) opsiyonlar\u0131n\u0131n sat\u0131n al\u0131nmas\u0131n\u0131 \u00f6neriyoruz. Tarihsel olarak, sanayi \u00fcretiminin bir so\u011fuma d\u00f6ng\u00fcs\u00fc s\u0131ras\u0131nda beklentileri ka\u00e7\u0131rd\u0131\u011f\u0131 d\u00f6nemlerde ABD tahvil getirileri a\u015fa\u011f\u0131 y\u00f6nl\u00fc e\u011filim g\u00f6sterme e\u011filiminde oluyor. \u00d6rne\u011fin 2023\u2019\u00fcn sonlar\u0131nda benzer sanayi yava\u015flamalar\u0131, faiz indirimi beklentilerinin g\u00fc\u00e7lenmesiyle 10 y\u0131ll\u0131k getiri oranlar\u0131n\u0131n birka\u00e7 hafta i\u00e7inde yakla\u015f\u0131k 30 baz puan gerilemesine yol a\u00e7m\u0131\u015ft\u0131.<\/p>\n

Varl\u0131k S\u0131n\u0131flar\u0131 Genelinde Piyasa Stratejisi<\/h3>\n

Hisse senedi t\u00fcrevleri piyasas\u0131nda, k\u0131sa vadeli oynakl\u0131\u011fa haz\u0131rl\u0131kl\u0131 olmakla birlikte teknoloji gibi faize duyarl\u0131 sekt\u00f6rler i\u00e7in olas\u0131 yukar\u0131 y\u00f6nl\u00fc potansiyeli g\u00f6z \u00f6n\u00fcnde bulundurmal\u0131y\u0131z. Piyasan\u0131n \u201ck\u00f6t\u00fc haber = iyi haber\u201d anlat\u0131s\u0131n\u0131 benimsemesi halinde S&P 500\u2019de kullan\u0131m fiyat\u0131 spot seviyeye yak\u0131n al\u0131m (call) opsiyonlar\u0131n\u0131n al\u0131nmas\u0131 g\u00fc\u00e7l\u00fc getiriler sa\u011flayabilir. Daha derin bir ekonomik daralmaya kar\u015f\u0131 korunmak i\u00e7in ise sanayi a\u011f\u0131rl\u0131\u011f\u0131 y\u00fcksek ETF\u2019lerde kullan\u0131m fiyat\u0131 spotun alt\u0131nda kalan sat\u0131m (put) opsiyonlar\u0131n\u0131n sat\u0131n al\u0131nmas\u0131n\u0131 da tercih ediyoruz.<\/p>\n

Ayr\u0131ca, ABD tahvil getirilerindeki d\u00fc\u015f\u00fc\u015f\u00fcn dolara a\u015fa\u011f\u0131 y\u00f6nl\u00fc bask\u0131 olu\u015fturmas\u0131yla d\u00f6viz opsiyonlar\u0131 taraf\u0131nda da cazip bir g\u00f6r\u00fcn\u00fcm g\u00f6r\u00fcyoruz. \u00d6n\u00fcm\u00fczdeki birka\u00e7 hafta i\u00e7in euro al\u0131m opsiyonlar\u0131 (EUR\/USD) i\u015flemleri veya yen vadeli kontratlar\u0131 almak olduk\u00e7a cazip g\u00f6r\u00fcn\u00fcyor. Ge\u00e7mi\u015f veriler, ABD sanayi sekt\u00f6r\u00fcndeki yumu\u015faman\u0131n, \u00f6zellikle faiz farklar\u0131 daralmaya ba\u015flad\u0131\u011f\u0131nda, dolar\u0131n (Greenback) tutarl\u0131 bi\u00e7imde zay\u0131flamas\u0131na yol a\u00e7t\u0131\u011f\u0131n\u0131 g\u00f6steriyor.<\/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":"

ABD sanayi \u00fcretimi haziranda %0,1 artt\u0131; %0,2 beklentisi a\u015f\u0131lamad\u0131. \u0130malat ivmesi so\u011fuyor, Fed\u2019de daha agresif indirim fiyatlanabilir. Strateji: tahvil uzun\/SOFR call, S&P call; dolar zay\u0131flarsa EUR\/JPY pozisyonlar\u0131.<\/p>\n","protected":false},"author":87,"featured_media":50073,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-51166","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\/51166","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=51166"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/51166\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media\/50073"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=51166"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=51166"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=51166"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}