{"id":52061,"date":"2026-07-30T20:23:08","date_gmt":"2026-07-30T20:23:08","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr-mena\/uncategorized\/abd-4-haftalik-hazine-bonosu-faizi-piyasalarin-daha-derin-fed-faiz-indirimlerini-fiyatlamasiyla-363e-geriledi\/"},"modified":"2026-07-30T20:23:08","modified_gmt":"2026-07-30T20:23:08","slug":"abd-4-haftalik-hazine-bonosu-faizi-piyasalarin-daha-derin-fed-faiz-indirimlerini-fiyatlamasiyla-363e-geriledi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/abd-4-haftalik-hazine-bonosu-faizi-piyasalarin-daha-derin-fed-faiz-indirimlerini-fiyatlamasiyla-363e-geriledi\/","title":{"rendered":"ABD 4 haftal\u0131k Hazine bonosu faizi, piyasalar\u0131n daha derin Fed faiz indirimlerini fiyatlamas\u0131yla %3,63\u2019e geriledi"},"content":{"rendered":"

ABD Hazine Bakanl\u0131\u011f\u0131\u2019n\u0131n son 4 haftal\u0131k bono ihalesi, bir \u00f6nceki ihaledeki %3,73 seviyesinden %3,63\u2019te sonu\u00e7land\u0131. Bu hareket, s\u00f6z konusu vadede k\u0131sa vadeli getiriyi 0,10 puan a\u015fa\u011f\u0131 \u00e7ekti.<\/p>\n\n

Piyasa Konsens\u00fcs\u00fc Gev\u015feme Politikas\u0131na Do\u011fru Kay\u0131yor<\/h3>\n

ABD\u2019nin son 4 haftal\u0131k Hazine bonosu ihalesi getirisinin bir \u00f6nceki %3,73 seviyesinden %3,63\u2019e gerilemesiyle k\u0131sa vadeli bor\u00e7 piyasalar\u0131nda belirgin bir kayma g\u00f6r\u00fcyoruz. 10 baz puanl\u0131k bu d\u00fc\u015f\u00fc\u015f, Federal Rezerv\u2019in (Fed) para politikas\u0131n\u0131 gev\u015fetmeyi s\u00fcrd\u00fcrece\u011fine y\u00f6nelik piyasada g\u00fc\u00e7lenen konsens\u00fcs\u00fc yans\u0131t\u0131yor. T\u00fcrev piyasas\u0131 yat\u0131r\u0131mc\u0131lar\u0131n\u0131n, \u00f6n\u00fcm\u00fczdeki haftalarda k\u0131sa vadeli getirilerde h\u0131zlanan bu a\u015fa\u011f\u0131 y\u00f6nl\u00fc trende h\u0131zla uyum sa\u011flamas\u0131 gerekiyor.<\/p>\n\n

D\u00fc\u015fen Getiri Ortam\u0131nda Portf\u00f6y Konumland\u0131rmas\u0131<\/h3>\n

Bu de\u011fi\u015fimden faydalanmak i\u00e7in Teminatl\u0131 Gecelik Finansman Oran\u0131 (SOFR) vadeli i\u015flemlerinde uzun pozisyonlar\u0131n art\u0131r\u0131lmas\u0131n\u0131 \u00f6neriyoruz. Tarihsel olarak, k\u0131sa vadeli getiriler kritik seviyelerin alt\u0131na sarkt\u0131\u011f\u0131nda, vadeli i\u015flem piyasalar\u0131 daha agresif faiz indirimlerini h\u0131zla fiyatlar. Bu k\u0131sa vadeli faiz vadeli i\u015flemlerinde al\u0131m (call) opsiyonlar\u0131 sat\u0131n almak, piyasa ayarlama s\u00fcrecinden k\u00e2r sa\u011flamak i\u00e7in y\u00fcksek kald\u0131ra\u00e7l\u0131 bir y\u00f6ntem sunar.<\/p>\n\n

Daha d\u00fc\u015f\u00fck getiriler ayn\u0131 zamanda daha ucuz bor\u00e7lanma maliyetleri anlam\u0131na gelir; bu da genellikle y\u00fcksek b\u00fcy\u00fcme odakl\u0131 hisse senedi sekt\u00f6rlerinde ralliye zemin haz\u0131rlar. Bu yukar\u0131 y\u00f6nl\u00fc momentumu yakalamak i\u00e7in ba\u015fl\u0131ca hisse endekslerinde y\u00fckseli\u015f y\u00f6nl\u00fc al\u0131m spread\u2019leri (bullish call spread) de\u011ferlendirilmelidir. Ayr\u0131ca faiz ge\u00e7i\u015f d\u00f6nemlerinin, korunma ama\u00e7l\u0131 i\u015flemler kaynakl\u0131 k\u0131sa s\u00fcreli volatilite s\u0131\u00e7ramalar\u0131n\u0131 tetikleyebilece\u011fi g\u00f6z \u00f6n\u00fcne al\u0131narak endeks opsiyonlar\u0131n\u0131n yak\u0131ndan izlenmesi gerekiyor.<\/p>\n\n

Son piyasa verileri, \u00f6n\u00fcm\u00fczdeki sonbahardaki merkez bankas\u0131 toplant\u0131lar\u0131 i\u00e7in faiz indirimi beklentilerinin %80\u2019in \u00fczerine \u00e7\u0131kt\u0131\u011f\u0131n\u0131 g\u00f6steriyor. Bu e\u011filim, 2019 sonundaki tarihsel gev\u015feme d\u00f6ng\u00fcs\u00fcn\u00fc and\u0131r\u0131yor; o d\u00f6nemde k\u0131sa vadeli bono getirilerindeki ilk d\u00fc\u015f\u00fc\u015fler, sabit getirili t\u00fcrevlerde g\u00fc\u00e7l\u00fc bir rallinin \u00f6nc\u00fcs\u00fc olmu\u015ftu. \u00d6n\u00fcm\u00fczdeki haftalarda getirilerde kal\u0131c\u0131 bir d\u00fc\u015f\u00fc\u015f senaryosuna g\u00f6re portf\u00f6yleri konumland\u0131rmak en rasyonel ad\u0131m olarak \u00f6ne \u00e7\u0131k\u0131yor.<\/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":"

Fla\u015f geli\u015fme: ABD 4 haftal\u0131k bono ihalesi getirisi %3,73\u2019ten %3,63\u2019e inerek k\u0131sa vadeyi 10 bp d\u00fc\u015f\u00fcrd\u00fc. Piyasa Fed gev\u015femesini fiyatl\u0131yor; SOFR long, call opsiyon ve endeks bullish call spread \u00f6ne \u00e7\u0131k\u0131yor.<\/p>\n","protected":false},"author":87,"featured_media":50069,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-52061","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