{"id":51968,"date":"2026-07-29T20:21:37","date_gmt":"2026-07-29T20:21:37","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr-mena\/uncategorized\/rusyada-issizlik-orani-yuksek-faizlerin-isgucu-piyasasini-sogutmaya-baslamasiyla-yuzde-22ye-yukseldi\/"},"modified":"2026-07-29T20:21:37","modified_gmt":"2026-07-29T20:21:37","slug":"rusyada-issizlik-orani-yuksek-faizlerin-isgucu-piyasasini-sogutmaya-baslamasiyla-yuzde-22ye-yukseldi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/rusyada-issizlik-orani-yuksek-faizlerin-isgucu-piyasasini-sogutmaya-baslamasiyla-yuzde-22ye-yukseldi\/","title":{"rendered":"Rusya\u2019da \u0130\u015fsizlik Oran\u0131, Y\u00fcksek Faizlerin \u0130\u015fg\u00fcc\u00fc Piyasas\u0131n\u0131 So\u011futmaya Ba\u015flamas\u0131yla Y\u00fczde 2,2\u2019ye Y\u00fckseldi"},"content":{"rendered":"

Rusya\u2019n\u0131n i\u015fsizlik oran\u0131 haziranda, \u00f6nceki d\u00f6nemdeki %2,1 seviyesinden %2,2\u2019ye hafif y\u00fckseldi. Bu hareket, ay i\u00e7inde i\u015fg\u00fcc\u00fc piyasas\u0131nda s\u0131n\u0131rl\u0131 bir yumu\u015famaya i\u015faret ederken, seviye tarihsel standartlara g\u00f6re d\u00fc\u015f\u00fck kalmaya devam ediyor.<\/p>\n

Haziran verisi, bir \u00f6nceki ay\u0131n %2,1\u2019lik oran\u0131n\u0131n ard\u0131ndan i\u015fg\u00fcc\u00fc ko\u015fullar\u0131 i\u00e7in yak\u0131n vadede yeni bir referans noktas\u0131 olu\u015fturuyor. \u0130\u015fg\u00fcc\u00fcne kat\u0131l\u0131m, \u00fccret art\u0131\u015f\u0131 veya sekt\u00f6rel i\u015f kay\u0131plar\u0131na ili\u015fkin ek ayr\u0131nt\u0131 payla\u015f\u0131lmad\u0131.<\/p>\n

S\u0131k\u0131 Para Politikas\u0131n\u0131n Rusya\u2019n\u0131n \u0130\u015fg\u00fcc\u00fc Piyasas\u0131na Etkisi<\/h3>\n

Rusya\u2019da i\u015fsizlik oran\u0131n\u0131n haziranda tarih\u00ee dip seviyesi olan %2,1\u2019den %2,2\u2019ye y\u00fckselmesini, a\u015f\u0131r\u0131 \u0131s\u0131nm\u0131\u015f ekonominin nihayet s\u0131k\u0131 para politikas\u0131n\u0131n bask\u0131s\u0131n\u0131 hissetmeye ba\u015flad\u0131\u011f\u0131n\u0131n bir g\u00f6stergesi olarak g\u00f6r\u00fcyoruz. Rusya Merkez Bankas\u0131, inat\u00e7\u0131 enflasyonla m\u00fccadele kapsam\u0131nda politika faizini agresif bir seviye olan %21\u2019de tutuyor; enflasyonun da k\u0131sa s\u00fcre \u00f6nce yakla\u015f\u0131k %8,6 d\u00fczeyinde raporland\u0131\u011f\u0131 belirtildi. \u0130\u015fsizlikteki bu s\u0131n\u0131rl\u0131 art\u0131\u015f, \u00fccret enflasyonunu besleyen a\u015f\u0131r\u0131 i\u015fg\u00fcc\u00fc k\u0131tl\u0131\u011f\u0131n\u0131n yava\u015f yava\u015f bir d\u00f6n\u00fcm noktas\u0131na yakla\u015fabilece\u011fine i\u015faret ediyor.<\/p>\n

T\u00fcrev \u00dcr\u00fcnler ve D\u00f6viz Piyasalar\u0131 \u0130\u00e7in Stratejik \u00c7\u0131kar\u0131mlar<\/h3>\n

T\u00fcrev yat\u0131r\u0131mc\u0131lar\u0131 i\u00e7in, kur dalgalanmalar\u0131na kar\u015f\u0131 korunma amac\u0131yla Rus rublesi teslimats\u0131z vadeli i\u015flemlerine (NDF) odaklan\u0131lmas\u0131n\u0131 \u00f6neriyoruz. Tarihsel olarak son derece s\u0131k\u0131 i\u015fg\u00fcc\u00fc piyasas\u0131 rubleyi desteklemi\u015fti; ancak ekonomik so\u011fumaya dair i\u015faretler, \u00f6n\u00fcm\u00fczdeki haftalarda para birimini zay\u0131flatabilir. Piyasalar\u0131n faiz art\u0131\u015flar\u0131nda nihai bir duraklamay\u0131 fiyatlamaya ba\u015flamas\u0131 halinde, ruble \u00fczerinde \u201cout-of-the-money\u201d sat\u0131m opsiyonlar\u0131 (put) almak k\u00e2rl\u0131 bir kurulum sunabilir.<\/p>\n

Ayr\u0131ca enerji t\u00fcrevlerine, \u00f6zellikle de Brent ham petrol opsiyonlar\u0131na yak\u0131ndan bak\u0131lmas\u0131n\u0131 \u00f6neriyoruz; zira Rusya\u2019n\u0131n yurt i\u00e7i sanayi kapasitesi b\u00fcy\u00fck \u00f6l\u00e7\u00fcde s\u0131n\u0131rl\u0131 i\u015fg\u00fcc\u00fcne dayan\u0131yor. Bu so\u011fuyan i\u015fg\u00fcc\u00fc dinamikleri nedeniyle yurt i\u00e7i sanayi b\u00fcy\u00fcmesi yava\u015flarsa, yerel yak\u0131t talebi d\u00fc\u015febilir ve ihracat i\u00e7in daha fazla ham petrol\u00fcn serbest kalmas\u0131na yol a\u00e7abilir. Petrol volatilite endekslerinde \u201cbull call spread\u201d stratejilerinin kullan\u0131lmas\u0131, enerji arz dinamiklerindeki bu de\u011fi\u015fimlerden faydalanmam\u0131za yard\u0131mc\u0131 olacakt\u0131r.<\/p>\n

Son olarak, kredi temerr\u00fct takaslar\u0131n\u0131n (CDS) ve daha geni\u015f geli\u015fen piyasa ETF\u2019leri \u00fczerindeki opsiyonlar\u0131n izlenmesini tavsiye ediyoruz. Rusya i\u015fg\u00fcc\u00fc piyasas\u0131ndaki k\u00fc\u00e7\u00fck kaymalar bile, k\u00fcresel yat\u0131r\u0131mc\u0131lar\u0131n jeopolitik riskleri yeniden de\u011ferlendirmesiyle daha geni\u015f bir b\u00f6lgesel volatiliteyi tetikleyebilir. Uzun straddle stratejilerinin uygulanmas\u0131, k\u0131r\u0131lman\u0131n tam y\u00f6n\u00fcn\u00fc tahmin etmeye gerek kalmadan ani piyasa hareketlerinden kazan\u00e7 sa\u011flamam\u0131za olanak tan\u0131r.<\/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":"

Rusya\u2019da i\u015fsizlik haziranda %2,1\u2019den %2,2\u2019ye \u00e7\u0131kt\u0131: s\u0131k\u0131 para politikas\u0131 (%21 faiz) etkisi g\u00f6r\u00fcl\u00fcyor. Rublede NDF\/put, Brent opsiyonlar\u0131nda bull call spread ve CDS-EM ETF\u2019lerinde straddle \u00f6ne \u00e7\u0131k\u0131yor.<\/p>\n","protected":false},"author":87,"featured_media":50066,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-51968","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