{"id":51792,"date":"2026-07-28T02:29:08","date_gmt":"2026-07-28T02:29:08","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr-mena\/uncategorized\/abd-2-yillik-hazine-tahvili-ihalesinde-getiri-4315e-yukseldi-sahin-faiz-beklentileri-guclendi\/"},"modified":"2026-07-28T02:29:08","modified_gmt":"2026-07-28T02:29:08","slug":"abd-2-yillik-hazine-tahvili-ihalesinde-getiri-4315e-yukseldi-sahin-faiz-beklentileri-guclendi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/abd-2-yillik-hazine-tahvili-ihalesinde-getiri-4315e-yukseldi-sahin-faiz-beklentileri-guclendi\/","title":{"rendered":"ABD 2 y\u0131ll\u0131k Hazine tahvili ihalesinde getiri %4,315\u2019e y\u00fckseldi; \u015fahin faiz beklentileri g\u00fc\u00e7lendi"},"content":{"rendered":"

ABD 2 y\u0131ll\u0131k Hazine tahvili (Treasury) ihalesi son sonu\u00e7ta %4,315 seviyesinde olu\u015ftu; bu oran bir \u00f6nceki ihaledeki %4,189\u2019un \u00fczerine \u00e7\u0131kt\u0131. Daha y\u00fcksek \u201cstop-out\u201d getirisi, Hazine\u2019nin bu vadede daha y\u00fcksek maliyetle bor\u00e7land\u0131\u011f\u0131na i\u015faret ediyor.<\/p>\n

Hareket, ihaleler aras\u0131nda 0,126 puanl\u0131k art\u0131\u015fa kar\u015f\u0131l\u0131k geliyor. Bu vadedeki fiyatlama, ABD faizlerinin yak\u0131n vadeli patikas\u0131na ili\u015fkin beklentilerdeki de\u011fi\u015fimleri izlemede yak\u0131ndan takip ediliyor.<\/p>\n

Tahvil Piyasas\u0131 Beklentileri ve \u0130\u015flem Stratejileri<\/h3>\n

Tahvil piyasas\u0131nda belirgin bir de\u011fi\u015fim g\u00f6r\u00fcl\u00fcyor: ABD 2 y\u0131ll\u0131k tahvil ihalesi %4,189\u2019dan %4,315\u2019e s\u0131\u00e7rad\u0131. Yakla\u015f\u0131k 13 baz puanl\u0131k bu sert art\u0131\u015f, yat\u0131r\u0131mc\u0131lar\u0131n k\u0131sa vadeli kamu borcunu ta\u015f\u0131mak i\u00e7in daha y\u00fcksek getiri talep etti\u011fini g\u00f6steriyor. Tarihsel olarak bu \u00f6l\u00e7ekte ani hareketler, yak\u0131n vadede daha \u201c\u015fahin\u201d bir merkez bankas\u0131 duru\u015fu beklentisine i\u015faret edebiliyor.<\/p>\n

T\u00fcrev \u00fcr\u00fcn yat\u0131r\u0131mc\u0131lar\u0131 a\u00e7\u0131s\u0131ndan, yukar\u0131 y\u00f6nl\u00fc ivmeden faydalanmak i\u00e7in k\u0131sa vadeli faiz vadeli i\u015flemlerine odaklan\u0131lmas\u0131 \u00f6neriliyor. 2 y\u0131ll\u0131k Treasury vadeli kontratlar\u0131nda k\u0131sa pozisyon almak veya iShares 1-3 Year Treasury Bond ETF\u2019inde (SHY) sat\u0131m (put) opsiyonu almak, tahvil fiyatlar\u0131ndaki d\u00fc\u015f\u00fc\u015fe kar\u015f\u0131 portf\u00f6yleri koruyabilir. Bu yakla\u015f\u0131m, ihale sonras\u0131 getiri s\u0131\u00e7ramalar\u0131n\u0131n \u00e7o\u011fu zaman k\u0131sa vadeli tahvillerde birka\u00e7 hafta s\u00fcrebilen sat\u0131\u015f dalgalar\u0131n\u0131 tetikledi\u011fine dair tarihsel \u00f6r\u00fcnt\u00fclerle uyumlu.<\/p>\n

Getiri E\u011frisi Konumlanmas\u0131 ve Hisse Senedi Riskinden Korunma<\/h3>\n

Ayr\u0131ca daha yatay (flattening) bir getiri e\u011frisi olas\u0131l\u0131\u011f\u0131na kar\u015f\u0131 \u201cbear flattener\u201d pozisyonlar\u0131 de\u011ferlendirilebilir. 2023 sonu gibi y\u00fcksek faiz d\u00f6ng\u00fclerinde 2-10 y\u0131l (2s10s) fark\u0131 100 baz puan\u0131n \u00fczerinde tersine d\u00f6nerken, benzer getiri s\u0131\u00e7ramalar\u0131 k\u0131sa vadeli faizleri uzun vadelilere g\u00f6re \u00e7ok daha h\u0131zl\u0131 yukar\u0131 ta\u015f\u0131m\u0131\u015ft\u0131. 2 y\u0131ll\u0131k Treasury vadeli i\u015flemlerinde k\u0131sa pozisyon al\u0131p e\u015fzamanl\u0131 olarak 10 y\u0131ll\u0131k vadeli i\u015flemlerde uzun pozisyon a\u00e7mak, bu s\u0131k\u0131\u015fmadan (spread daralmas\u0131) getiri sa\u011flamay\u0131 hedefler.<\/p>\n

Son olarak, endeks t\u00fcrevleriyle hisse senedi pozisyonlar\u0131n\u0131n korunmas\u0131 gerekiyor. Y\u00fcksek k\u0131sa vadeli getiriler genellikle b\u00fcy\u00fcme hisseleri \u00fczerinde bask\u0131 kurdu\u011fundan, Nasdaq 100 (QQQ) \u00fczerinde sat\u0131m (put) opsiyonlar\u0131 \u00f6n\u00fcm\u00fczdeki haftalar i\u00e7in etkili bir savunma arac\u0131 olabilir. Ge\u00e7mi\u015f veriler, 2 y\u0131ll\u0131k getiri %4,3 \u00fczerinde kal\u0131c\u0131l\u0131k g\u00f6sterdi\u011finde teknoloji hisselerinde de\u011ferleme \u00e7arpanlar\u0131n\u0131n h\u0131zl\u0131 \u015fekilde bask\u0131land\u0131\u011f\u0131na i\u015faret ediyor.<\/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":"

Alarm zilleri \u00e7al\u0131yor: ABD 2 y\u0131ll\u0131k ihale getirisi %4,315\u2019e s\u0131\u00e7ray\u0131p \u00f6nceki %4,189\u2019u a\u015ft\u0131. 12,6 bp art\u0131\u015f \u015fahin beklentiyi g\u00fc\u00e7lendiriyor; k\u0131sa faizlerde sat\u0131\u015f, bear flattener ve QQQ put\u2019lar\u0131 g\u00fcndemde.<\/p>\n","protected":false},"author":87,"featured_media":49987,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-51792","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t