{"id":3449,"date":"2023-10-04T17:19:23","date_gmt":"2023-10-04T14:19:23","guid":{"rendered":"https:\/\/es-exchange.com\/haberler\/?p=3449"},"modified":"2023-10-04T17:19:23","modified_gmt":"2023-10-04T14:19:23","slug":"artan-devlet-tahvili-getirileri-piyasalarda-endise-yaratiyor","status":"publish","type":"post","link":"https:\/\/es-exchange.com\/haberler\/?p=3449","title":{"rendered":"Artan devlet tahvili getirileri piyasalarda endi\u015fe yarat\u0131yor"},"content":{"rendered":"
\n

\n\tABD Merkez Bankas\u0131 (Fed) \u015fahin duru\u015funu s\u00fcrd\u00fcr\u00fcrken, \u00fclkede hazine tahvili getirileri, ge\u00e7en hafta k\u0131sa s\u00fcreli bir rahatlaman\u0131n ard\u0131ndan bu hafta 2007’den bu zamana kadarki en y\u00fcksek seviyeye t\u0131rmand\u0131.<\/p>\n

\n\tUzun zamand\u0131r d\u00fc\u015f\u00fc\u015f trendinde olan ABD’nin 2, 5, 10, 20 ve 30 y\u0131ll\u0131k tahvillerinin getirileri, faizler y\u00fckseltildikten sonra y\u00fckseli\u015f trendine ge\u00e7ti.<\/p>\n

\n\tBeklenenden iyi gelen imalat verilerinin yat\u0131r\u0131mc\u0131lar\u0131n ABD ekonomisinin iyi durumda oldu\u011funa dair inanc\u0131n\u0131 desteklemesi sonras\u0131nda \u00fclkede 10 y\u0131ll\u0131k hazine tahvilinin getirisi y\u00fczde 4,80’i a\u015ft\u0131.<\/p>\n

\n\tABD’nin hazine tahvili ihra\u00e7lar\u0131n\u0131n artmas\u0131 ve yat\u0131r\u0131mc\u0131lar\u0131n merkez bankalar\u0131n\u0131n faiz oranlar\u0131n\u0131 uzun bir s\u00fcre daha y\u00fcksek tutaca\u011f\u0131 beklentisi, getirilerle ters hareket eden tahvil fiyatlar\u0131n\u0131 d\u00fcnya \u00e7ap\u0131nda a\u015fa\u011f\u0131 \u00e7ekti.<\/p>\n

\n\tSat\u0131\u015flar son alt\u0131 ay\u0131n en d\u00fc\u015f\u00fc\u011f\u00fc<\/strong><\/p>\n

\n\tK\u00fcresel tahvil piyasalar\u0131ndaki sat\u0131\u015flar, pay piyasalar\u0131 ile Japon yeni ve Rus rublesine de olumsuz yans\u0131d\u0131. Ayr\u0131ca dolar endeksi 107,1’e ile son bir y\u0131l\u0131n zirvesine ula\u015f\u0131rken, 1.820 dolar\u0131n \u00fczerinde tutunan alt\u0131n\u0131n ons fiyat\u0131 ise yakla\u015f\u0131k son 6 ay\u0131n en d\u00fc\u015f\u00fck seviyelerinde seyrediyor.<\/p>\n

\n\tPiyasalar\u0131n uzun s\u00fcre y\u00fcksek faiz oranlar\u0131na, h\u00fck\u00fcmetlerin de y\u00fcksek bor\u00e7lanma ihtiya\u00e7lar\u0131na uyum sa\u011flamas\u0131yla 30 y\u0131ll\u0131k ABD hazine tahvillerinin getirisi d\u00fcn y\u00fczde 4,95’e ula\u015farak son 16 y\u0131l\u0131n en y\u00fcksek seviyesine \u00e7\u0131kt\u0131.<\/p>\n

\n\tTahvil sat\u0131\u015flar\u0131n\u0131n k\u00fcresel bazda etkisiyle Almanya ve \u0130talya’n\u0131n bor\u00e7lanma maliyetleri de yakla\u015f\u0131k son 11 y\u0131l\u0131n en y\u00fcksek seviyelerine ula\u015ft\u0131.<\/p>\n

\n\tHisse senedi piyasalar\u0131 d\u00fc\u015ferken, ABD\u2019de faiz oranlar\u0131n\u0131n y\u00fcksek kalmaya devam edece\u011fi beklentileri dolar\u0131 g\u00fc\u00e7lendirerek di\u011fer para birimleri \u00fczerinde bask\u0131 olu\u015fturuyor.<\/p>\n

\n\tD\u00fcn dolar\/yen paritesi 150’yi a\u015farken, dolar\/ruble paritesi de 100’\u00fc ge\u00e7ti.<\/p>\n

\n\tAvrupa’da da benzer bir durum ya\u015fan\u0131rken, Almanya ve Fransa’da devlet tahvili getirileri son 12, \u0130ngiltere’de son 15 y\u0131l\u0131n zirvesine \u00e7\u0131kt\u0131.<\/p>\n

\n\tNegatif politika faizinin uyguland\u0131\u011f\u0131 Japonya’da bile tahvil getirileri y\u00fczde 0,8’e yakla\u015farak 2013 seviyelerine geri d\u00f6nd\u00fc.<\/p>\n

\n\tFaiz art\u0131\u015flar\u0131 uzun vadeli tahvil tutan yat\u0131r\u0131mc\u0131lar\u0131n zarar etmesine yol a\u00e7\u0131yor<\/strong><\/p>\n

\n\tY\u00fcksek petrol fiyatlar\u0131n\u0131n enflasyon endi\u015felerini art\u0131rmas\u0131 ve mevcut k\u0131s\u0131tlay\u0131c\u0131 para politikalar\u0131n\u0131n uzun s\u00fcre devam edece\u011fi beklentileri tahvil piyasalar\u0131nda risk unsuru olmaya devam ediyor.<\/p>\n

\n\tH\u00fck\u00fcmetlerin artan b\u00fct\u00e7e a\u00e7\u0131klar\u0131 ve mali g\u00f6r\u00fcn\u00fcme ili\u015fkin endi\u015felerle daha fazla tahvil sat\u0131\u015f\u0131 yoluna gitmesi, tahvil fiyatlar\u0131n\u0131 d\u00fc\u015f\u00fcr\u00fcrken, uzun vadeli getirilerin artmas\u0131na neden oluyor.<\/p>\n

\n\tTahvil getirilerinin h\u00fck\u00fcmetlerin fonlama maliyetlerini belirlemesi nedeniyle, getirilerin y\u00fcksek kalmas\u0131 \u00fclkelerin \u00f6dedi\u011fi faiz maliyetlerini de etkiliyor.<\/p>\n

\n\tDevletlerin bor\u00e7lanma maliyetlerinin artmas\u0131, konut kredilerinden i\u015fletme kredilerine bir\u00e7ok alanda uygun fiyatl\u0131 finansman sa\u011flanabilmesinin \u00f6n\u00fcnde engel olu\u015fturuyor.<\/p>\n

\n\tFaiz oranlar\u0131 y\u00fckselmeye devam ettik\u00e7e, vadesi dolmayan tahvilleri elinde tutan yat\u0131r\u0131mc\u0131lar, piyasa faiz oranlar\u0131n\u0131n alt\u0131nda getiri sa\u011flayan bir araca s\u0131k\u0131\u015f\u0131p kal\u0131yor. Vadeye kadar olan s\u00fcrenin uzun olmas\u0131, yat\u0131r\u0131mc\u0131lar\u0131n ta\u015f\u0131d\u0131\u011f\u0131 faiz oran\u0131 riskini y\u00fckseltiyor.<\/p>\n

\n\tTahvil getirilerindeki art\u0131\u015f, yat\u0131r\u0131mc\u0131lar\u0131n pay piyasalar\u0131ndan paralar\u0131n\u0131 \u00e7ekmesine yol a\u00e7arak hisseleri de etkiliyor.<\/p>\n

\n\tJaponya 1 trilyon dolar\u0131 a\u015fk\u0131n tutarda ABD tahvilini elinde tutuyor<\/strong><\/p>\n

\n\t\u00d6te yandan, ellerinde y\u00fcksek oranda tahvil tutan bankalar\u0131n ger\u00e7ekle\u015fmemi\u015f zararlar\u0131 da piyasalarda odak noktalar\u0131ndan biri olmay\u0131 s\u00fcrd\u00fcr\u00fcyor.<\/p>\n

\n\tTahvil getirilerinde art\u0131\u015flar\u0131n uzun s\u00fcrmesi durumunda, sadece bankalar de\u011fil, elinde uzun vadeli hazine tahvilleri tutan di\u011fer sekt\u00f6rlerin de etkilenmesi bekleniyor.<\/p>\n

\n\tY\u00fckselen k\u00fcresel tahvil getirileri, geli\u015fmekte olan piyasalar \u00fczerinde bask\u0131y\u0131 art\u0131r\u0131yor. ABD hazine tahvil getirilerinin artmas\u0131 dolar\u0131 daha da g\u00fc\u00e7lendirirken, Japon yeni ba\u015fta olmak \u00fczere di\u011fer para birimleri de bu durumdan olumsuz etkileniyor.<\/p>\n

\n\tTemmuz ay\u0131 itibar\u0131yla ABD hazinesinin ihra\u00e7 etti\u011fi tahvillerin tutar\u0131 toplamda 7,5 trilyon dolar\u0131 a\u015farken, Japonya’n\u0131n elinde tutar\u0131 1,1 trilyon dolar\u0131 a\u015fk\u0131n ABD tahvili bulunuyor.<\/p>\n

\n\tEn \u00e7ok ABD tahviline sahip di\u011fer \u00fclkeler, yakla\u015f\u0131k 822 milyar dolarla \u00c7in, 662 milyar dolarla \u0130ngiltere, 350 milyar dolarla L\u00fcksemburg, 319 milyar dolarla Bel\u00e7ika, 301 milyar dolarla \u0130svi\u00e7re, 296 milyar dolarla Cayman Adalar\u0131, 294 milyar dolarla Kanada, 271 milyar dolarla \u0130rlanda ve 243 milyar dolarla Tayvan olarak s\u0131ralan\u0131yor.<\/p>\n

\n\tAnalistler, baz\u0131 yat\u0131r\u0131mc\u0131lar\u0131n tahvil getirilerinin d\u00fc\u015fece\u011fine dair beklenti i\u00e7inde olduklar\u0131n\u0131, dolay\u0131s\u0131yla tahvillerin ters r\u00fczgarlara kar\u015f\u0131 ekstra hassas olabilece\u011fini de belirtiyor.<\/p>\n

\n
ET\u0130KETLER<\/div>\n
\n ABD
\n FED
\n Borsa
\n Merkez Bankas\u0131\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

ABD Merkez Bankas\u0131 (Fed) \u015fahin duru\u015funu s\u00fcrd\u00fcr\u00fcrken, \u00fclkede hazine tahvili getirileri, ge\u00e7en hafta k\u0131sa s\u00fcreli…<\/p>\n","protected":false},"author":1,"featured_media":67,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[337,1284,4102,4101,481,4100,4103],"class_list":["post-3449","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomi-haberleri","tag-artan","tag-devlet","tag-endise","tag-getirileri","tag-piyasalarda","tag-tahvili","tag-yaratiyor"],"yoast_head":"\nArtan devlet tahvili getirileri piyasalarda endi\u015fe yarat\u0131yor - Es-Exchange Ekonomi Haberleri<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/es-exchange.com\/haberler\/?p=3449\" \/>\n<meta property=\"og:locale\" content=\"tr_TR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Artan devlet tahvili getirileri piyasalarda endi\u015fe yarat\u0131yor - Es-Exchange Ekonomi Haberleri\" \/>\n<meta property=\"og:description\" content=\"ABD Merkez Bankas\u0131 (Fed) \u015fahin duru\u015funu s\u00fcrd\u00fcr\u00fcrken, \u00fclkede hazine tahvili getirileri, ge\u00e7en hafta k\u0131sa s\u00fcreli...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/es-exchange.com\/haberler\/?p=3449\" \/>\n<meta property=\"og:site_name\" content=\"Es-Exchange Ekonomi Haberleri\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-04T14:19:23+00:00\" \/>\n<meta name=\"author\" content=\"SysAdmin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Yazan:\" \/>\n\t<meta name=\"twitter:data1\" content=\"SysAdmin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tahmini okuma s\u00fcresi\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 dakika\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/es-exchange.com\/haberler\/?p=3449\",\"url\":\"https:\/\/es-exchange.com\/haberler\/?p=3449\",\"name\":\"Artan devlet tahvili getirileri piyasalarda endi\u015fe yarat\u0131yor - Es-Exchange Ekonomi Haberleri\",\"isPartOf\":{\"@id\":\"https:\/\/es-exchange.com\/haberler\/#website\"},\"datePublished\":\"2023-10-04T14:19:23+00:00\",\"dateModified\":\"2023-10-04T14:19:23+00:00\",\"author\":{\"@id\":\"https:\/\/es-exchange.com\/haberler\/#\/schema\/person\/158dd5fa81df3834f5b3789301ac67bc\"},\"breadcrumb\":{\"@id\":\"https:\/\/es-exchange.com\/haberler\/?p=3449#breadcrumb\"},\"inLanguage\":\"tr\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/es-exchange.com\/haberler\/?p=3449\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/es-exchange.com\/haberler\/?p=3449#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Anasayfa\",\"item\":\"https:\/\/es-exchange.com\/haberler\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Artan devlet tahvili getirileri piyasalarda endi\u015fe yarat\u0131yor\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/es-exchange.com\/haberler\/#website\",\"url\":\"https:\/\/es-exchange.com\/haberler\/\",\"name\":\"Es-Exchange Ekonomi Haberleri\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/es-exchange.com\/haberler\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"tr\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/es-exchange.com\/haberler\/#\/schema\/person\/158dd5fa81df3834f5b3789301ac67bc\",\"name\":\"SysAdmin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"tr\",\"@id\":\"https:\/\/es-exchange.com\/haberler\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/97e85c10026bf595e73c516bd77b6b8763a73b584e665e0c1425bd2e7295d7b6?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/97e85c10026bf595e73c516bd77b6b8763a73b584e665e0c1425bd2e7295d7b6?s=96&d=mm&r=g\",\"caption\":\"SysAdmin\"},\"sameAs\":[\"https:\/\/es-exchange.com\/haberler\"],\"url\":\"https:\/\/es-exchange.com\/haberler\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Artan devlet tahvili getirileri piyasalarda endi\u015fe yarat\u0131yor - Es-Exchange Ekonomi Haberleri","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/es-exchange.com\/haberler\/?p=3449","og_locale":"tr_TR","og_type":"article","og_title":"Artan devlet tahvili getirileri piyasalarda endi\u015fe yarat\u0131yor - Es-Exchange Ekonomi Haberleri","og_description":"ABD Merkez Bankas\u0131 (Fed) \u015fahin duru\u015funu s\u00fcrd\u00fcr\u00fcrken, \u00fclkede hazine tahvili getirileri, ge\u00e7en hafta k\u0131sa s\u00fcreli...","og_url":"https:\/\/es-exchange.com\/haberler\/?p=3449","og_site_name":"Es-Exchange Ekonomi Haberleri","article_published_time":"2023-10-04T14:19:23+00:00","author":"SysAdmin","twitter_card":"summary_large_image","twitter_misc":{"Yazan:":"SysAdmin","Tahmini okuma s\u00fcresi":"4 dakika"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/es-exchange.com\/haberler\/?p=3449","url":"https:\/\/es-exchange.com\/haberler\/?p=3449","name":"Artan devlet tahvili getirileri piyasalarda endi\u015fe yarat\u0131yor - Es-Exchange Ekonomi Haberleri","isPartOf":{"@id":"https:\/\/es-exchange.com\/haberler\/#website"},"datePublished":"2023-10-04T14:19:23+00:00","dateModified":"2023-10-04T14:19:23+00:00","author":{"@id":"https:\/\/es-exchange.com\/haberler\/#\/schema\/person\/158dd5fa81df3834f5b3789301ac67bc"},"breadcrumb":{"@id":"https:\/\/es-exchange.com\/haberler\/?p=3449#breadcrumb"},"inLanguage":"tr","potentialAction":[{"@type":"ReadAction","target":["https:\/\/es-exchange.com\/haberler\/?p=3449"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/es-exchange.com\/haberler\/?p=3449#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Anasayfa","item":"https:\/\/es-exchange.com\/haberler"},{"@type":"ListItem","position":2,"name":"Artan devlet tahvili getirileri piyasalarda endi\u015fe yarat\u0131yor"}]},{"@type":"WebSite","@id":"https:\/\/es-exchange.com\/haberler\/#website","url":"https:\/\/es-exchange.com\/haberler\/","name":"Es-Exchange Ekonomi Haberleri","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/es-exchange.com\/haberler\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"tr"},{"@type":"Person","@id":"https:\/\/es-exchange.com\/haberler\/#\/schema\/person\/158dd5fa81df3834f5b3789301ac67bc","name":"SysAdmin","image":{"@type":"ImageObject","inLanguage":"tr","@id":"https:\/\/es-exchange.com\/haberler\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/97e85c10026bf595e73c516bd77b6b8763a73b584e665e0c1425bd2e7295d7b6?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/97e85c10026bf595e73c516bd77b6b8763a73b584e665e0c1425bd2e7295d7b6?s=96&d=mm&r=g","caption":"SysAdmin"},"sameAs":["https:\/\/es-exchange.com\/haberler"],"url":"https:\/\/es-exchange.com\/haberler\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/es-exchange.com\/haberler\/index.php?rest_route=\/wp\/v2\/posts\/3449","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/es-exchange.com\/haberler\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/es-exchange.com\/haberler\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/es-exchange.com\/haberler\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/es-exchange.com\/haberler\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3449"}],"version-history":[{"count":0,"href":"https:\/\/es-exchange.com\/haberler\/index.php?rest_route=\/wp\/v2\/posts\/3449\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/es-exchange.com\/haberler\/index.php?rest_route=\/wp\/v2\/media\/67"}],"wp:attachment":[{"href":"https:\/\/es-exchange.com\/haberler\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/es-exchange.com\/haberler\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/es-exchange.com\/haberler\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}