{"id":4839,"date":"2026-01-29T13:48:04","date_gmt":"2026-01-29T13:48:04","guid":{"rendered":"https:\/\/bihavadis.com\/?p=4839"},"modified":"2026-01-29T13:48:04","modified_gmt":"2026-01-29T13:48:04","slug":"kuresel-piyasalarda-abd-tedirginligi-kalkiyor","status":"publish","type":"post","link":"https:\/\/bihavadis.com\/index.php\/2026\/01\/29\/kuresel-piyasalarda-abd-tedirginligi-kalkiyor\/","title":{"rendered":"K\u00fcresel piyasalarda ABD tedirginli\u011fi kalk\u0131yor"},"content":{"rendered":"
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ABD\u2019de a\u00e7\u0131klanan g\u00fc\u00e7l\u00fc istihdam verilerinin ard\u0131ndan Wall Street endeksleri y\u00fckseldi.<\/p>\n

S&P 500 y\u00fczde 0,90, Nasdaq 100 y\u00fczde 1,22 art\u0131da kapand\u0131. Yeni i\u015flem g\u00fcn\u00fcnde vadeli endeksler yatay seyrediyor.<\/p>\n

Asya\u2019da \u00c7in piyasalar\u0131 haftan\u0131n ilk i\u015flem g\u00fcn\u00fcnde i\u015fleme kapal\u0131. A\u00e7\u0131k olan di\u011fer Asya hisse senedi endeksleri ABD\u2019de a\u00e7\u0131klanan g\u00fc\u00e7l\u00fc verilerin, d\u00fcnyan\u0131n en b\u00fcy\u00fck ekonomisinin sa\u011fl\u0131kl\u0131 b\u00fcy\u00fcd\u00fc\u011f\u00fcn\u00fcn alt\u0131n\u0131 \u00e7izdi\u011fi de\u011ferlendirmesiyle y\u00fckseli\u015fte.<\/p>\n

ABD\u2019nin 10 y\u0131ll\u0131k tahvil getirileri, yat\u0131r\u0131mc\u0131lar\u0131n Fed\u2019in faiz indirimlerine ili\u015fkin fiyatlamalar\u0131n\u0131 azaltmas\u0131yla y\u00fckselerek y\u00fczde 4\u2019l\u00fck \u00f6nemli e\u015fi\u011fin hemen alt\u0131nda<\/b> seyretti.<\/p>\n<\/div>\n

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Asya para birimleri dolar kar\u015f\u0131s\u0131nda zay\u0131flad\u0131. Bloomberg Dolar Endeksi ge\u00e7en hafta y\u00fczde 1,6 oran\u0131nda y\u00fckseldikten sonra yatay. <\/p>\n

G\u00fc\u00e7l\u00fc istihdam sonras\u0131 ‘ini\u015f yok’ senaryosu<\/b><\/p>\n

ABD\u2019de Cuma g\u00fcn\u00fc a\u00e7\u0131klanan beklenti \u00fczeri tar\u0131m d\u0131\u015f\u0131 istihdam verisinin ard\u0131ndan tahvil piyasalar\u0131 yumu\u015fak veya sert ini\u015f yerine – ekonominin b\u00fcy\u00fcmeye devam etti\u011fi, enflasyonun yeniden y\u00fckseldi\u011fi ve Fed\u2019in faiz oranlar\u0131n\u0131 d\u00fc\u015f\u00fcrmek i\u00e7in \u00e7ok az alana sahip oldu\u011fu – \u201cini\u015f yok\u201d senaryosuna haz\u0131rlan\u0131yor.<\/p>\n

ABD\u2019de i\u015fsizlik oran\u0131n\u0131n s\u00fcrpriz bir \u015fekilde d\u00fc\u015fmesi ve \u00fccretlerin artmas\u0131, tahvil getirilerinin y\u00fckselmesine neden olurken ve yat\u0131r\u0131mc\u0131lar\u0131n \u00f6n\u00fcm\u00fczdeki ay normalden daha b\u00fcy\u00fck bir yar\u0131m puanl\u0131k faiz indirimi i\u00e7in ald\u0131klar\u0131 pozisyonlar\u0131 keskin \u015fekilde tersine \u00e7evirmelerine yol a\u00e7t\u0131.<\/p>\n

\u00d6ncesinde yat\u0131r\u0131mc\u0131lar Fed faizine duyarl\u0131 k\u0131sa vadeli ABD tahvillerine h\u00fccum ederek yava\u015flayan b\u00fcy\u00fcme, iyi huylu enflasyon ve agresif faiz indirimlerine haz\u0131rlan\u0131yorlard\u0131.<\/p>\n

Bunun yerine, Cuma g\u00fcnk\u00fc veri a\u015f\u0131r\u0131 \u0131s\u0131nma endi\u015felerini canland\u0131rd\u0131 ve iki y\u0131ll\u0131k tahvil getirileri son y\u0131llar\u0131n en d\u00fc\u015f\u00fck seviyesine indiren Hazine tahvillerindeki ralliyi bozdu.<\/p>\n

Aralar\u0131nda Stanley Druckenmiller ve Mohamed El-Erian\u2019\u0131n da bulundu\u011fu bir dizi yat\u0131r\u0131mc\u0131 ve ekonomist, Fed\u2019in daha d\u00fc\u015f\u00fck faiz oranlar\u0131na y\u00f6nelik piyasa tahminleri veya kendi tahminleri taraf\u0131ndan s\u0131k\u0131\u015ft\u0131r\u0131lmamas\u0131 gerekti\u011fi konusunda uyar\u0131da bulunurken, El-Erian \u201cenflasyon \u00f6lmedi\u201d uyar\u0131s\u0131nda bulundu.<\/p>\n

Eski Hazine Bakan\u0131 Larry Summers, Cuma g\u00fcn\u00fc X\u2019te yay\u0131nlanan bir yaz\u0131s\u0131nda \u201cini\u015f yok\u201d ve \u201csert ini\u015f\u201din Fed\u2019in hesaba katmas\u0131 gereken riskler oldu\u011funu s\u00f6yledi ve ge\u00e7en ayki 50 baz puanl\u0131k indirimin \u2019bir hata\u201d oldu\u011funu s\u00f6yledi.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

ABD\u2019de g\u00fc\u00e7l\u00fc i\u015fg\u00fcc\u00fc verileri sonras\u0131 tahvil piyasalar\u0131 \u201cini\u015f yok\u201d senaryosuna haz\u0131rlan\u0131yor. Riskli varl\u0131klar ABD ekonomisine ili\u015fkin tedirginliklerin ortadan kalkt\u0131\u011f\u0131 bir ortam\u0131 fiyatl\u0131yor.<\/p>\n","protected":false},"author":1,"featured_media":4840,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[272,824,877,936,935],"class_list":["post-4839","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-doviz","tag-abd","tag-faiz","tag-fed","tag-inis","tag-tahvil"],"_links":{"self":[{"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/posts\/4839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/comments?post=4839"}],"version-history":[{"count":1,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/posts\/4839\/revisions"}],"predecessor-version":[{"id":4841,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/posts\/4839\/revisions\/4841"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/media\/4840"}],"wp:attachment":[{"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/media?parent=4839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/categories?post=4839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bihavadis.com\/index.php\/wp-json\/wp\/v2\/tags?post=4839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}