{"id":156484,"date":"2026-09-25T09:00:10","date_gmt":"2026-09-25T06:00:10","guid":{"rendered":"https:\/\/ekonomigundemi.com.tr\/index.php\/2026\/09\/25\/kuresel-tahvil-faizleri-yukselirken-piyasalarda-risk-istahi-izlenecek"},"modified":"2026-09-25T09:00:10","modified_gmt":"2026-09-25T06:00:10","slug":"kuresel-tahvil-faizleri-yukselirken-piyasalarda-risk-istahi-izlenecek","status":"publish","type":"post","link":"https:\/\/ekonomigundemi.com.tr\/index.php\/2026\/09\/25\/kuresel-tahvil-faizleri-yukselirken-piyasalarda-risk-istahi-izlenecek\/","title":{"rendered":"K\u00fcresel tahvil faizleri y\u00fckselirken piyasalarda risk i\u015ftah\u0131 izlenecek"},"content":{"rendered":"<p>Marba\u015f Menkul De\u011ferler\u2019in analizinde BIST 100 endeksinin d\u00fcn y\u00fczde 2,74 d\u00fc\u015f\u00fc\u015fle 12.888 seviyesinden kapand\u0131\u011f\u0131 belirtilirken, fon kaynakl\u0131 bask\u0131n\u0131n devam etmesiyle 13 bin seviyesinin alt\u0131na sark\u0131ld\u0131\u011f\u0131 aktar\u0131ld\u0131. Konsolidasyonun 13 bin b\u00f6lgesinde olu\u015ftu\u011fu bir ortamda bu seviyenin kaybedilmesinin k\u0131sa vadeli teknik g\u00f6r\u00fcn\u00fcm a\u00e7\u0131s\u0131ndan olumsuz de\u011ferlendirildi\u011fi ifade edildi.<\/p>\n<p>BIST 30 ile yan tahtalar aras\u0131ndaki ayr\u0131\u015fman\u0131n devam etti\u011fi belirtilirken, Ekim ay\u0131 ba\u015f\u0131nda ilgili hisselerin endeks kompozisyonundan \u00e7\u0131kar\u0131lmas\u0131yla BIST 100 taraf\u0131ndaki fiyatlaman\u0131n d\u00fczelmesinin beklendi\u011fi kaydedildi. Bug\u00fcn makro tarafta maj\u00f6r bir veri g\u00fcndemi bulunmad\u0131\u011f\u0131, fiyatlamalar\u0131n fon ak\u0131\u015flar\u0131 ve hisse bazl\u0131 hareketlerle \u015fekillenmeye devam edece\u011fi bildirildi.<\/p>\n<p>Teknik tarafta 13 bin seviyesi ilk diren\u00e7, 12.800 b\u00f6lgesi ise destek olarak takip edilecek. Mevcut fiyatlaman\u0131n fon kaynakl\u0131 teknik bir bask\u0131dan kaynakland\u0131\u011f\u0131 ve Ekim ba\u015f\u0131nda bu etkinin ortadan kalkmas\u0131yla endeks g\u00f6r\u00fcn\u00fcm\u00fcn\u00fcn d\u00fczelmesinin beklendi\u011fi belirtildi.<\/p>\n<p>ABD piyasalar\u0131nda endekslerin d\u00fcn yatay kapan\u0131\u015f ger\u00e7ekle\u015ftirdi\u011fi, tahvil faizlerindeki y\u00fckseli\u015fin ise s\u00fcrd\u00fc\u011f\u00fc aktar\u0131ld\u0131. 10 y\u0131ll\u0131k ABD tahvil faizinin 2007&#8217;den bu yana en y\u00fcksek seviyeye ula\u015fmas\u0131n\u0131n Fed \u00fcyesi Barr&#8217;\u0131n \u015fahin a\u00e7\u0131klamalar\u0131 ve sava\u015f kaynakl\u0131 y\u00fcksek enerji fiyatlar\u0131n\u0131n birle\u015fimi olarak de\u011ferlendirildi\u011fi belirtildi.<\/p>\n<p>Bu tabloyla piyasan\u0131n Ekim ay\u0131nda faiz art\u0131r\u0131m\u0131 olas\u0131l\u0131\u011f\u0131n\u0131 y\u00fczde 68 seviyesine ta\u015f\u0131d\u0131\u011f\u0131 ifade edildi. ABD ve \u0130ran m\u00fczakerecilerinin New York&#8217;ta kademeli bir anla\u015fma \u00fczerinde \u00e7al\u0131\u015ft\u0131\u011f\u0131na y\u00f6nelik haberlerle Brent petrol\u00fcn gerilemesinin olumlu bir geli\u015fme olarak izlendi\u011fi kaydedildi.<\/p>\n<p>Bug\u00fcn Michigan T\u00fcketici Hissiyat\u0131 verisinin takip edilece\u011fi belirtilirken, tahvil faizlerindeki y\u00fckseli\u015fin piyasalar \u00fczerindeki bask\u0131s\u0131n\u0131 s\u00fcrd\u00fcrd\u00fc\u011f\u00fc ve \u0130ran cephesindeki diplomatik s\u00fcrecin yak\u0131ndan izlenece\u011fi aktar\u0131ld\u0131.<\/p>\n<p>Asya-Pasifik piyasalar\u0131nda k\u00fcresel tahvil faizlerindeki y\u00fckseli\u015fin risk i\u015ftah\u0131 \u00fczerinde bask\u0131 olu\u015fturdu\u011fu belirtildi. ABD 10 y\u0131ll\u0131k tahvil faizinin y\u00fczde 5,2 civar\u0131na y\u00fckselmesi ve 30 y\u0131ll\u0131k faizlerin 2004&#8217;ten bu yana en y\u00fcksek seviyelerine ula\u015fmas\u0131yla piyasalar\u0131n kar\u0131\u015f\u0131k seyretti\u011fi aktar\u0131ld\u0131.<\/p>\n<p>Japonya&#8217;da Nikkei y\u00fczde 0,76 y\u00fckselirken, Meta&#8217;n\u0131n yeni yapay zeka cihaz\u0131n\u0131n i\u015flemci ve bilgisayar bile\u015fenlerine y\u00f6nelik talebi art\u0131rabilece\u011fi beklentisiyle Ibiden y\u00fczde 14,6 y\u00fckseldi. Hong Kong&#8217;da Hang Seng yakla\u015f\u0131k y\u00fczde 1 gerilerken, \u00c7in ana karas\u0131, G\u00fcney Kore ve Tayvan piyasalar\u0131n\u0131n tatil nedeniyle kapal\u0131 olmas\u0131 i\u015flem hacimlerini s\u0131n\u0131rlad\u0131.<\/p>\n<p>\u00c7in-ABD g\u00f6r\u00fc\u015fmesinde iki \u00fclkenin yeni bir ticaret d\u00fczenlemesine ula\u015ft\u0131\u011f\u0131 ve mevcut ticaret ate\u015fkesinin 10 Ocak&#8217;a kadar uzat\u0131ld\u0131\u011f\u0131na y\u00f6nelik a\u00e7\u0131klamalar\u0131n takip edildi\u011fi bildirildi. G\u00fcney Kore ile Meksika aras\u0131nda ise savunma, ham petrol ve yapay zeka ba\u015fta olmak \u00fczere ekonomik i\u015fbirli\u011finin geni\u015fletilmesine y\u00f6nelik ortak eyle plan\u0131n\u0131n \u00f6ne \u00e7\u0131kt\u0131\u011f\u0131 belirtildi.<\/p>\n<p>Avrupa piyasalar\u0131nda k\u00fcresel tahvil faizlerindeki y\u00fckseli\u015f ve 100 dolar\u0131n \u00fczerinde seyreden petrol fiyatlar\u0131n\u0131n risk i\u015ftah\u0131 \u00fczerinde bask\u0131 olu\u015fturdu\u011fu kaydedildi. Stoxx 600&#8217;\u00fcn d\u00fcn y\u00fczde 0,55 geriledi\u011fi, y\u00fckselen enerji fiyatlar\u0131n\u0131n enflasyon g\u00f6r\u00fcn\u00fcm\u00fc ve ECB&#8217;nin para politikas\u0131 \u00fczerindeki etkisinin takip edildi\u011fi aktar\u0131ld\u0131.<\/p>\n<p>Almanya&#8217;n\u0131n 10 y\u0131ll\u0131k tahvil faizinin y\u00fczde 3,61 seviyesinde seyretti\u011fi belirtilirken, ECB Y\u00f6netim Konseyi \u00fcyesi Martin Kocher&#8217;\u0131n faiz kararlar\u0131n\u0131n toplant\u0131dan toplant\u0131ya al\u0131naca\u011f\u0131n\u0131 ifade etti\u011fi bildirildi. ECB Y\u00f6netim Kurulu \u00fcyesi Isabel Schnabel&#8217;in IMF&#8217;de \u00fcst d\u00fczey bir g\u00f6reve ge\u00e7mek \u00fczere g\u00f6revinden ayr\u0131laca\u011f\u0131n\u0131n a\u00e7\u0131klanmas\u0131n\u0131n da kurumun g\u00fcndeminde \u00f6ne \u00e7\u0131kt\u0131\u011f\u0131 kaydedildi.<\/p>\n<p>Avrupa bankac\u0131l\u0131k sekt\u00f6r\u00fcnde piyasan\u0131n par\u00e7al\u0131 yap\u0131s\u0131n\u0131n finansman kapasitesini s\u0131n\u0131rlad\u0131\u011f\u0131na y\u00f6nelik de\u011ferlendirmeler ve s\u0131n\u0131r \u00f6tesi bankac\u0131l\u0131k entegrasyonunun art\u0131r\u0131lmas\u0131 \u00e7a\u011fr\u0131lar\u0131n\u0131n takip edildi\u011fi belirtildi. Sekt\u00f6r baz\u0131nda enerji \u015firketleri ise petrol fiyatlar\u0131ndaki y\u00fckseli\u015fle y\u00fczde 1,1 de\u011fer kazanarak pozitif ayr\u0131\u015ft\u0131.<\/p>\n<p>Emtia taraf\u0131nda K\u00f6rfez&#8217;deki deniz ta\u015f\u0131mac\u0131l\u0131\u011f\u0131n\u0131n aksamaya devam etmesiyle d\u00fcn sert y\u00fckselen Brent petrol\u00fcn, bug\u00fcn ABD ve \u0130ran m\u00fczakerecilerinin kademeli bir anla\u015fma \u00fczerinde \u00e7al\u0131\u015ft\u0131\u011f\u0131na y\u00f6nelik haberlerle geri \u00e7ekildi\u011fi belirtildi.<\/p>\n<p>Alt\u0131nda ise y\u00fckselen tahvil faizlerinin bask\u0131s\u0131yla zay\u0131f seyrin s\u00fcrd\u00fc\u011f\u00fc aktar\u0131ld\u0131.<\/p>\n<p> <strong><\/strong><br \/>\nEKONOM\u0130 GAZETES\u0130 <\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u0130stanbul, 25 Eyl\u00fcl (Hibya) \u2013 Marba\u015f Menkul De\u011ferler, yurt i\u00e7i piyasalarda fon kaynakl\u0131 bask\u0131n\u0131n s\u00fcrd\u00fc\u011f\u00fcn\u00fc ve BIST 100 endeksinin 13 bin seviyesinin alt\u0131nda kalmas\u0131n\u0131n k\u0131sa vadeli teknik g\u00f6r\u00fcn\u00fcm a\u00e7\u0131s\u0131ndan olumsuz de\u011ferlendirildi\u011fini bildirdi.<\/p>\n","protected":false},"author":1,"featured_media":156485,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAow07ekDA:productID":"","footnotes":""},"categories":[12,1,9],"tags":[],"class_list":["post-156484","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-spor","category-ekonomi","category-manset"],"_links":{"self":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/156484","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/comments?post=156484"}],"version-history":[{"count":0,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/posts\/156484\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media\/156485"}],"wp:attachment":[{"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/media?parent=156484"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/categories?post=156484"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ekonomigundemi.com.tr\/index.php\/wp-json\/wp\/v2\/tags?post=156484"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}