ABD, Temmuz ay\u0131nda 432,3 milyar dolarl\u0131k b\u00fct\u00e7e a\u00e7\u0131\u011f\u0131 verdi. Bu, Mart 2021\u2019den bu yana en b\u00fcy\u00fck ayl\u0131k a\u00e7\u0131k olurken, mali 2026\u2019da sona iki ay kala mali y\u0131l a\u00e7\u0131\u011f\u0131n\u0131 1,8 trilyon dolara ta\u015f\u0131d\u0131. Yaz\u0131, bunu k\u0131sa vadeli bor\u00e7lanmaya ba\u011f\u0131ml\u0131l\u0131kla ili\u015fkilendirerek bor\u00e7 stokunun g\u00fcncel faizlere tekrar tekrar maruz kald\u0131\u011f\u0131n\u0131 vurguluyor ve 30 y\u0131ll\u0131k tahvillerde geri al\u0131mlar\u0131n, k\u0131sa vadeli ihra\u00e7lar\u0131n art\u0131r\u0131lmas\u0131yla birlikte y\u00fcr\u00fct\u00fcld\u00fc\u011f\u00fc yenilenmi\u015f bir \u201cTreasury Twist\u201d yakla\u015f\u0131m\u0131n\u0131 anlat\u0131yor. Bor\u00e7 servisinin g\u00fcnl\u00fck 3 milyar dolar oldu\u011fu; ayl\u0131k 100 milyar dolara ve y\u0131ll\u0131k 1,2 trilyon dolara yakla\u015ft\u0131\u011f\u0131 belirtiliyor. 10 ay\u0131n ard\u0131ndan net faiz gideri 963 milyar dolara ula\u015ft\u0131; y\u0131ll\u0131k bazda %14 art\u0131\u015f kaydedildi.<\/p>\n\n
ABD, Temmuz ay\u0131nda 432,3 milyar dolarl\u0131k b\u00fct\u00e7e a\u00e7\u0131\u011f\u0131 verdi. Bu, Mart 2021\u2019den bu yana en b\u00fcy\u00fck ayl\u0131k a\u00e7\u0131k olurken, mali 2026\u2019da sona iki ay kala mali y\u0131l a\u00e7\u0131\u011f\u0131n\u0131 1,8 trilyon dolara ta\u015f\u0131d\u0131. Yaz\u0131, bunu k\u0131sa vadeli bor\u00e7lanmaya ba\u011f\u0131ml\u0131l\u0131kla ili\u015fkilendirerek bor\u00e7 stokunun g\u00fcncel faizlere tekrar tekrar maruz kald\u0131\u011f\u0131n\u0131 vurguluyor ve 30 y\u0131ll\u0131k tahvillerde geri al\u0131mlar\u0131n, k\u0131sa vadeli ihra\u00e7lar\u0131n art\u0131r\u0131lmas\u0131yla birlikte y\u00fcr\u00fct\u00fcld\u00fc\u011f\u00fc yenilenmi\u015f bir \u201cTreasury Twist\u201d yakla\u015f\u0131m\u0131n\u0131 anlat\u0131yor. Bor\u00e7 servisinin g\u00fcnl\u00fck 3 milyar dolar oldu\u011fu; ayl\u0131k 100 milyar dolara ve y\u0131ll\u0131k 1,2 trilyon dolara yakla\u015ft\u0131\u011f\u0131 belirtiliyor. 10 ay\u0131n ard\u0131ndan net faiz gideri 963 milyar dolara ula\u015ft\u0131; y\u0131ll\u0131k bazda %14 art\u0131\u015f kaydedildi.<\/p>\n\n
Bu arka planda makale, para politikas\u0131n\u0131n manevra alan\u0131n\u0131n k\u0131s\u0131tland\u0131\u011f\u0131n\u0131; Fed\u2019in enflasyon risklerini uzun vadede g\u00f6zetirken k\u0131sa vadeli Hazine bonosu (T-bill) maliyetlerindeki art\u0131\u015f\u0131 tartt\u0131\u011f\u0131n\u0131 ve mevcut politika faiz oranlar\u0131na yak\u0131n seviyelerde bilan\u00e7o k\u00fc\u00e7\u00fcltmeyi de\u011ferlendirdi\u011fini aktar\u0131yor. 30 y\u0131ll\u0131k ABD Hazine tahvili getirisinin 2001\u2019den bu yana en y\u00fcksek seviyesinde oldu\u011fu belirtilirken, b\u00fcy\u00fck \u00f6l\u00e7ekli bilan\u00e7o azalt\u0131m\u0131 ba\u015flamadan \u00f6nce dahi getiri e\u011frisi genelinde faizlerin \u00e7eyrek y\u00fczy\u0131l\u0131n zirvelerinde oldu\u011fu ifade ediliyor. Ayr\u0131ca, May\u0131s sonundan bu yana 55 milyar dolarl\u0131k para yarat\u0131m\u0131na ve 2027 ba\u015f\u0131nda yay\u0131mlanmas\u0131 beklenen bir g\u00f6rev g\u00fcc\u00fc raporuna at\u0131f yap\u0131l\u0131yor; 1,6 trilyon dolarl\u0131k \u00f6zel kredi, 1,4 trilyon dolarl\u0131k CLO borcu, 1,5 trilyon dolarl\u0131k \u201cjunk\u201d (yat\u0131r\u0131m yap\u0131labilir seviye alt\u0131) tahvil, 1,4 trilyon dolarl\u0131k marj borcu, 40 trilyon dolarl\u0131k ulusal bor\u00e7 ve 18,8 trilyon dolarl\u0131k t\u00fcketici borcuyla ba\u011flant\u0131l\u0131 kald\u0131ra\u00e7 unsurlar\u0131 s\u0131ralan\u0131yor. Fed bilan\u00e7osunun ise yakla\u015f\u0131k 7 trilyon dolar seviyesinde oldu\u011fu kaydediliyor.<\/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\u2019de alarm zilleri: Temmuz b\u00fct\u00e7e a\u00e7\u0131\u011f\u0131 432,3 milyar dolarla rekor d\u00fczeye \u00e7\u0131kt\u0131; mali y\u0131l a\u00e7\u0131\u011f\u0131 1,8 trilyon dolar. K\u0131sa vadeli bor\u00e7lanma faiz \u015fokunu b\u00fcy\u00fct\u00fcrken \u201cTreasury Twist\u201d ve faiz y\u00fck\u00fc 963 milyar dolara t\u0131rman\u0131yor.<\/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-53197","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