{"id":69397,"date":"2026-10-08T03:57:17","date_gmt":"2026-10-08T03:57:17","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr-mena\/uncategorized\/us-yields-hit-2002-highs-as-hormuz-oil-spike-lifts-inflation-fears-and-bolsters-dollar\/"},"modified":"2026-10-08T03:57:17","modified_gmt":"2026-10-08T03:57:17","slug":"us-yields-hit-2002-highs-as-hormuz-oil-spike-lifts-inflation-fears-and-bolsters-dollar","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/us-yields-hit-2002-highs-as-hormuz-oil-spike-lifts-inflation-fears-and-bolsters-dollar\/","title":{"rendered":"ABD tahvil getirileri, H\u00fcrm\u00fcz kaynakl\u0131 petrol s\u0131\u00e7ramas\u0131n\u0131n enflasyon endi\u015felerini art\u0131r\u0131p dolar\u0131 desteklemesiyle 2002\u2019den bu yana en y\u00fcksek seviyeye \u00e7\u0131kt\u0131"},"content":{"rendered":"

ABD 10 y\u0131ll\u0131k Hazine tahvili faizi \u00c7ar\u015famba g\u00fcn\u00fc %5,35\u2019e \u00e7\u0131karak Nisan 2002\u2019den bu yana en y\u00fcksek seviyeyi g\u00f6r\u00fcrken, 30 y\u0131ll\u0131k tahvil faizi 24 y\u0131l\u0131n zirvesine y\u00fckseldi. \u0130ran\u2019\u0131n H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019nda tanker sald\u0131r\u0131lar\u0131n\u0131 art\u0131rmas\u0131n\u0131n ard\u0131ndan Brent petrol yeniden varil ba\u015f\u0131na 100 dolar\u0131n \u00fczerine t\u0131rmand\u0131; bu durum, genellikle tahvillerde talep edilen getirileri yukar\u0131 \u00e7eken enflasyon endi\u015felerini g\u00fc\u00e7lendirdi. ABD tahvilleri ayr\u0131ca \u00c7ar\u015famba g\u00fcn\u00fc yap\u0131lacak 39 milyar dolarl\u0131k yeni 10 y\u0131ll\u0131k tahvil ihalesi \u00f6ncesinde sat\u0131ld\u0131. Hazine Bakanl\u0131\u011f\u0131\u2019n\u0131n Per\u015fembe g\u00fcn\u00fc yeni 30 y\u0131ll\u0131k tahvil sat\u0131\u015f\u0131 yapmas\u0131, ayn\u0131 g\u00fcn eski bor\u00e7lar\u0131 geri almas\u0131 bekleniyor.<\/p>\n\n

Avrupa\u2019da ise ak\u0131mlar Frans\u0131z tahvillerinden \u00e7\u0131karak Alman Bund\u2019lar\u0131na y\u00f6neldi; Alman 10 y\u0131ll\u0131k tahvil faizi %3,5 civar\u0131nda kald\u0131. B\u00f6ylece ABD 10 y\u0131ll\u0131k faizi, Almanya muadiline g\u00f6re 1,8 puan\u0131n \u00fczerinde prim sunuyor; bu fark, tahvil al\u0131mlar\u0131 \u00f6ncesinde dolara olan talebi destekliyor. ABD Dolar Endeksi\u2019nin yakla\u015f\u0131k %58\u2019ini olu\u015fturan euro, endeksteki y\u00fckseli\u015fin yakla\u015f\u0131k d\u00f6rtte \u00fc\u00e7\u00fcnden sorumlu. Endeks, 9 Eyl\u00fcl\u2019de 98,60 civar\u0131ndaki dip seviyeden bu yana \u00fcst \u00fcste \u00fc\u00e7 haftad\u0131r y\u00fckseliyor; 102,00\u2019nin alt\u0131ndan yukar\u0131 y\u00f6nl\u00fc hareketin ard\u0131ndan Sal\u0131 g\u00fcnk\u00fc 101,75 civar\u0131ndaki d\u00fc\u015f\u00fc\u015f\u00fcn\u00fc telafi etti. 102,50 seviyesi iki kez test edilirken, son olarak 102,35 civar\u0131ndayd\u0131. 50 g\u00fcnl\u00fck \u00fcssel hareketli ortalama (EMA) 100,50 civar\u0131nda bulunuyor ve y\u00fckseli\u015f e\u011filiminde.<\/p>\n\n

Jeopolitik Gerilimler ve Enerji ile Tahvil Piyasalar\u0131 i\u00e7in Stratejiler<\/h3>\n\n

H\u00fcrm\u00fcz Bo\u011faz\u0131\u2019ndaki jeopolitik gerilimler nedeniyle Brent petrol\u00fcn varil ba\u015f\u0131na 100 dolar\u0131n \u00fczerine s\u0131\u00e7ramas\u0131yla, enerji t\u00fcrevlerinde kal\u0131c\u0131 bir yukar\u0131 y\u00f6nl\u00fc bask\u0131ya haz\u0131rl\u0131kl\u0131 olmak gerekiyor. K\u00fcresel g\u00fcnl\u00fck petrol s\u0131v\u0131 t\u00fcketiminin yakla\u015f\u0131k %20\u2019si bu kritik dar bo\u011fazdan ge\u00e7ti\u011fi i\u00e7in, ilave aksakl\u0131klar petrol fiyatlar\u0131n\u0131 y\u00fcksek tutarak k\u00fcresel enflasyonu k\u00f6r\u00fckleyebilir. T\u00fcrev i\u015flem yapan yat\u0131r\u0131mc\u0131lar\u0131n, bu jeopolitik risk priminden yararlanmak amac\u0131yla Brent vadeli i\u015flemlerde uzun pozisyonlara ya da al\u0131m opsiyonlar\u0131na (call) odaklanmas\u0131n\u0131 \u00f6neriyoruz.<\/p>\n\n

ABD 10 y\u0131ll\u0131k faizin %5,35\u2019e ula\u015fmas\u0131 ve yeni kamu borcu arz\u0131n\u0131n y\u00fcksek seyretmesi, \u00f6n\u00fcm\u00fczdeki haftalarda tahvil fiyatlar\u0131n\u0131n daha da gerileyebilece\u011fine i\u015faret ediyor. Tarihsel olarak, Hazine\u2019nin bu haftaki \u00e7ok milyar dolarl\u0131k ihalelerinde g\u00f6r\u00fcld\u00fc\u011f\u00fc \u00fczere yo\u011fun arz bask\u0131s\u0131, yat\u0131r\u0131mc\u0131lar\u0131n daha y\u00fcksek iskonto talep etmesiyle getirileri yukar\u0131 iter. Bu d\u00fc\u015f\u00fc\u015f e\u011filimli tahvil trendini de\u011ferlendirmek i\u00e7in Hazine vadeli i\u015flemlerinde k\u0131sa pozisyonlar a\u00e7\u0131labilir ya da uzun vadeli tahvil kontratlar\u0131nda sat\u0131m opsiyonu (put) al\u0131nabilir.<\/p>\n\n

Kur Piyasalar\u0131 ve Dolar\u0131n G\u00fc\u00e7lenme G\u00f6r\u00fcn\u00fcm\u00fc<\/h3>\n\n

ABD ve Alman tahvilleri aras\u0131ndaki 1,8 puana geni\u015fleyen getiri fark\u0131, ABD dolar\u0131n\u0131n g\u00fc\u00e7lenmesi i\u00e7in g\u00fc\u00e7l\u00fc bir kataliz\u00f6r niteli\u011finde. Euro\u2019nun ABD Dolar Endeksi i\u00e7inde yakla\u015f\u0131k %58 paya sahip olmas\u0131 nedeniyle, Frans\u0131z tahvillerinden daha g\u00fcvenli Alman Bund\u2019lar\u0131na sermaye kay\u0131\u015f\u0131 euronun bask\u0131 alt\u0131nda kalmas\u0131na yol a\u00e7may\u0131 s\u00fcrd\u00fcrebilir. Dolar\u0131n 102,50 diren\u00e7 seviyesinin \u00fczerine kal\u0131c\u0131 bi\u00e7imde \u00e7\u0131kma aray\u0131\u015f\u0131nda oldu\u011fu bu ortamda, Dolar Endeksi vadeli i\u015flemlerinde al\u0131m ya da euro kontratlar\u0131nda k\u0131sa pozisyon \u00f6neriyoruz.<\/p>\n\n

Dolar Endeksi\u2019nin 100,50 civar\u0131ndaki 50 g\u00fcnl\u00fck hareketli ortalaman\u0131n \u00fczerinde istikrarl\u0131 y\u00fckseli\u015fi, g\u00fc\u00e7l\u00fc bir y\u00fckseli\u015f trendini teyit ediyor. Ge\u00e7mi\u015f piyasa verileri, endeksin ge\u00e7ici geri \u00e7ekilmelerden toparlan\u0131p \u00e7ok ayl\u0131 zirveleri yeniden ele ge\u00e7irdi\u011fi d\u00f6nemlerde \u00e7o\u011fu zaman uzun soluklu bir momentum faz\u0131n\u0131 tetikledi\u011fini g\u00f6steriyor. ABD dolar\u0131 bazl\u0131 t\u00fcrev enstr\u00fcmanlarda yukar\u0131 y\u00f6nl\u00fc pozisyonlan\u0131rken, 101,75 destek seviyesinin hemen alt\u0131na savunmac\u0131 zarar-kes (stop-loss) seviyeleri konumland\u0131r\u0131lmas\u0131n\u0131 tavsiye ediyoruz.<\/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":"

Piyasalar alarm veriyor: ABD 10 y\u0131ll\u0131k faiz %5,35\u2019le 2002 zirvesinde, Brent 100 dolar\u0131 a\u015ft\u0131. H\u00fcrm\u00fcz gerginli\u011fi enflasyon beklentisini ve dolar talebini art\u0131r\u0131rken tahvil ihaleleri sat\u0131\u015f bask\u0131s\u0131n\u0131 b\u00fcy\u00fct\u00fcyor.<\/p>\n","protected":false},"author":87,"featured_media":69396,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-69397","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