{"id":53005,"date":"2026-08-19T22:27:37","date_gmt":"2026-08-19T22:27:37","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr-mena\/uncategorized\/sterlin-abd-hazine-tahvil-geri-alimlari-getirileri-dusururken-ve-fed-tutanaklari-oncesi-dolar-guclenirken-yukseldi\/"},"modified":"2026-08-19T22:27:37","modified_gmt":"2026-08-19T22:27:37","slug":"sterlin-abd-hazine-tahvil-geri-alimlari-getirileri-dusururken-ve-fed-tutanaklari-oncesi-dolar-guclenirken-yukseldi","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/sterlin-abd-hazine-tahvil-geri-alimlari-getirileri-dusururken-ve-fed-tutanaklari-oncesi-dolar-guclenirken-yukseldi\/","title":{"rendered":"Sterlin, ABD Hazine tahvil geri al\u0131mlar\u0131 getirileri d\u00fc\u015f\u00fcr\u00fcrken ve Fed tutanaklar\u0131 \u00f6ncesi Dolar g\u00fc\u00e7lenirken y\u00fckseldi"},"content":{"rendered":"

Sterlin, ABD Hazine\u2019sinin uzun vadeli tahvillerde geri al\u0131m yoluyla likiditeyi destekleme ad\u0131m\u0131n\u0131n ard\u0131ndan \u00c7ar\u015famba g\u00fcn\u00fc Dolar kar\u015f\u0131s\u0131nda y\u00fckseldi. Bu hamle, ABD 30 y\u0131ll\u0131k tahvil getirisinin 2007\u2019den bu yana en y\u00fcksek seviyesine dokundu\u011fu bir seans\u0131 izledi. GBP\/USD 1,3630\u2019u g\u00f6rerek 11 May\u0131s\u2019tan bu yana en g\u00fc\u00e7l\u00fc seviyesine \u00e7\u0131kt\u0131ktan sonra 1,3610 seviyesinde i\u015flem g\u00f6rd\u00fc. Hazine\u2019nin a\u00e7\u0131klamas\u0131 getirileri a\u015fa\u011f\u0131 \u00e7ekerken Dolar \u00fczerinde bask\u0131 yaratt\u0131; ABD Dolar Endeksi %0,84 d\u00fc\u015f\u00fc\u015fle 98,80\u2019e geriledi ve May\u0131s sonundaki seviyelere yakla\u015ft\u0131.<\/p>\n

Uzun vadeli getiriler, y\u00fcksek petrol fiyatlar\u0131na ba\u011fl\u0131 beklenenden g\u00fc\u00e7l\u00fc enflasyon beklentileri ve \u00e7\u00f6z\u00fcms\u00fcz ABD\u2013\u0130ran \u00e7at\u0131\u015fmas\u0131 nedeniyle yukar\u0131 y\u00f6nl\u00fc bask\u0131 alt\u0131ndayd\u0131. Piyasalar ayr\u0131ca, son kararda \u00fc\u00e7 \u00fcyenin muhalefet etti\u011fi toplant\u0131n\u0131n ard\u0131ndan, ABD Merkez Bankas\u0131\u2019n\u0131n (Fed) son toplant\u0131 tutanaklar\u0131n\u0131n yay\u0131mlanmas\u0131na odaklanm\u0131\u015ft\u0131. Birle\u015fik Krall\u0131k\u2019ta temmuz enflasyonu kar\u0131\u015f\u0131k geldi: man\u015fet T\u00dcFE y\u0131ll\u0131k bazda %2,6\u2019dan %2,9\u2019a y\u00fckselirken, \u00e7ekirdek T\u00dcFE %2,6\u2019da sabit kald\u0131 (beklenti %2,5). Prime Terminal\u2019e g\u00f6re para piyasalar\u0131, \u0130ngiltere Merkez Bankas\u0131\u2019n\u0131n (BoE) 17 Eyl\u00fcl toplant\u0131s\u0131nda faizi sabit tutma olas\u0131l\u0131\u011f\u0131n\u0131 %80, 25 baz puanl\u0131k art\u0131\u015f ihtimalini ise %20 olarak fiyatlad\u0131.<\/p>\n

GBP\/USD ve T\u00fcrev \u0130\u015flem Stratejileri<\/h3>\n

GBP\/USD paritesi 1,3610 seviyesinde a\u015f\u0131r\u0131 al\u0131m b\u00f6lgesine yakla\u015f\u0131rken, t\u00fcrev yat\u0131r\u0131mc\u0131lar\u0131na uzun Sterlin pozisyonlar\u0131n\u0131 k\u0131sa vadeli put opsiyonlar\u0131yla temkinli \u015fekilde hedge etmelerini \u00f6neriyoruz. Son ABD Hazine tahvili geri al\u0131mlar\u0131 ABD Dolar Endeksi\u2019ni 98,80\u2019e \u00e7ekmeyi ba\u015farsa da, G\u00f6reli G\u00fc\u00e7 Endeksi\u2019nin (RSI) 68,2 seviyesinde olmas\u0131 y\u00fckseli\u015fin uzad\u0131\u011f\u0131n\u0131 g\u00f6steriyor. Tarihsel veriler, g\u00fcnl\u00fck RSI\u2019\u0131n 70 a\u015f\u0131r\u0131 al\u0131m e\u015fi\u011fine bu kadar yakla\u015fmas\u0131 durumunda paritelerin \u00e7o\u011fu zaman ge\u00e7ici bir teknik d\u00fczeltmeyle kar\u015f\u0131la\u015ft\u0131\u011f\u0131na i\u015faret ediyor.<\/p>\n

Faiz opsiyonlar\u0131 piyasas\u0131nda, yakla\u015fan Fed toplant\u0131 tutanaklar\u0131 \u00f6ncesinde artan oynakl\u0131\u011fa pozisyon al\u0131nmas\u0131n\u0131 \u00f6neriyoruz. Kevin Warsh\u2019\u0131n yeni atanm\u0131\u015f Fed Ba\u015fkan\u0131 olmas\u0131 ve hen\u00fcz oturmu\u015f bir politika paterni bulunmamas\u0131 nedeniyle, yat\u0131r\u0131mc\u0131lar\u0131n sert getiri hareketlerini yakalamak i\u00e7in ABD Hazine tahvili opsiyonlar\u0131nda straddle stratejilerine y\u00f6nelmesi uygun olabilir. Bu, \u00f6zellikle bir \u00f6nceki toplant\u0131da \u00fc\u00e7 b\u00f6lgesel Fed ba\u015fkan\u0131n\u0131n muhalefet etmi\u015f olmas\u0131n\u0131n, faizlerin y\u00f6n\u00fcne ili\u015fkin kurum i\u00e7i ayr\u0131\u015fman\u0131n derinli\u011fine i\u015faret etmesi nedeniyle kritik \u00f6nem ta\u015f\u0131yor.<\/p>\n

Enerji Piyasas\u0131 Hedge\u2019i ve Birle\u015fik Krall\u0131k Faiz G\u00f6r\u00fcn\u00fcm\u00fc<\/h3>\n

Orta Do\u011fu\u2019daki gerilimler k\u00fcresel enerji arz\u0131n\u0131 tehdit etmeyi s\u00fcrd\u00fcrd\u00fc\u011f\u00fcnden, yeniden canlanabilecek enflasyon riskine kar\u015f\u0131 ham petrol t\u00fcrevlerinde call opsiyonlar\u0131yla hedge yap\u0131lmas\u0131n\u0131 da \u00f6neriyoruz. Son enerji piyasas\u0131 verileri, Brent petrol\u00fcn s\u00fcregelen ABD-\u0130ran s\u00fcrt\u00fc\u015fmesi nedeniyle y\u00fcksek seviyeler yak\u0131n\u0131nda dalgaland\u0131\u011f\u0131n\u0131 ve bunun uzun vadeli enflasyon beklentilerini yukar\u0131da tuttu\u011funu g\u00f6steriyor. Jeopolitik gerilimin t\u0131rmanmas\u0131 halinde enerji fiyatlar\u0131 h\u0131zla s\u0131\u00e7rayabilir; bu da tahvil getirilerini yeniden yukar\u0131 iterek Hazine\u2019nin son m\u00fcdahalesinin etkisini tersine \u00e7evirebilir.<\/p>\n

Son olarak, yat\u0131r\u0131mc\u0131lar\u0131n BoE\u2019nin 17 Eyl\u00fcl toplant\u0131s\u0131 \u00f6ncesinde Sterlin faiz swaplar\u0131ndaki potansiyel yanl\u0131\u015f fiyatlamadan yararlanmay\u0131 de\u011ferlendirmesi gerekiyor. Para piyasalar\u0131 h\u00e2lihaz\u0131rda %80 sabit tutma ve yaln\u0131zca %20 faiz art\u0131\u015f\u0131 olas\u0131l\u0131\u011f\u0131 fiyatlarken, Birle\u015fik Krall\u0131k \u00e7ekirdek T\u00dcFE\u2019nin y\u0131ll\u0131k bazda beklenmedik \u015fekilde %2,6\u2019ya y\u00fckselmesi, altta yatan enflasyonun yap\u0131\u015fkan kald\u0131\u011f\u0131na i\u015faret ediyor. Merkez bankas\u0131n\u0131n piyasan\u0131n \u015fu an \u00f6ng\u00f6rd\u00fc\u011f\u00fcnden daha \u015fahin bir duru\u015fa zorlanmas\u0131 durumunda, short sterling vadeli i\u015flemlerinde risk-getiri profilinin cazip olabilece\u011fini d\u00fc\u015f\u00fcn\u00fcyoruz.<\/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":"

Sterlin s\u00fcrpriz rallide: ABD Hazine\u2019sinin uzun vadeli tahvil geri al\u0131mlar\u0131 Dolar\u2019\u0131 bask\u0131lad\u0131, GBP\/USD 1,3630\u2019a \u00e7\u0131kt\u0131. Fed tutanaklar\u0131 \u00f6ncesi oynakl\u0131k, BoE\u2019de %80 \u201cpas\u201d fiyatlamas\u0131 ve hedge aray\u0131\u015f\u0131 \u00f6ne \u00e7\u0131k\u0131yor.<\/p>\n","protected":false},"author":87,"featured_media":49969,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-53005","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