<\/p>\n
K\u00fcresel merkez bankalar\u0131, ABD hazine tahvilleri i\u00e7in en g\u00fcvenilir talep kaynaklar\u0131ndan biri olmu\u015ftur. Fakat bu g\u00fcnlerde yabanc\u0131 merkez bankalar\u0131, d\u00fcnyan\u0131n en \u00f6nemli tahvil piyasas\u0131 i\u00e7in ilave bir endi\u015fe kayna\u011f\u0131 oluyor.<\/p>\n
\u00c7in ve Japonya gibi al\u0131c\u0131lar, Fed’in resmi verilerine g\u00f6re hazine tahvillerindeki pay\u0131n\u0131 ard\u0131 ard\u0131na \u00fc\u00e7 \u00e7eyrekte azaltarak, kaydedilen en istikrarl\u0131 geri \u00e7ekilmeyi ger\u00e7ekle\u015ftirdiler. D\u00fc\u015f\u00fc\u015f ge\u00e7ti\u011fimiz \u00fc\u00e7 ay i\u00e7erisinde h\u0131z kazand\u0131.<\/p>\n
Londra’da M&G Investments’dan Jim Leaviss gibi isimler i\u00e7in bu durum endi\u015fe verici. Tahvil talebindeki geri \u00e7ekilmenin devam etmesi, Leaviss’e g\u00f6re kimilerine g\u00f6re halihaz\u0131rda \u00e7ok pahal\u0131 olan piyasada sert kay\u0131plara neden olabilir. Fakat belki de en \u00f6nemlisi, ABD’nin finansman\u0131 a\u00e7\u0131s\u0131ndan sonu\u00e7lar\u0131. ABD’de kamu bor\u00e7 y\u00fck\u00fcn\u00fcn gelecek 10 y\u0131lda 10 trilyon olacak olmas\u0131 nedeniyle, yabanc\u0131 talep bor\u00e7lanma maliyetleri a\u00e7\u0131s\u0131ndan kilit \u00f6neme sahip olacak.<\/p>\n
Leaviss, merkez bankalar\u0131 kaynakl\u0131 sat\u0131\u015f bask\u0131s\u0131n\u0131n \u201c g\u00f6z \u00f6n\u00fcnde bulundurulmas\u0131 gereken bir\u015fey\u201d oldu\u011funu belirtti. Leaviss, \u201cBu, Fed, t\u00fcm hepsi d\u00fc\u015f\u00fck faiz ortam\u0131n\u0131n sonuna yakla\u015ft\u0131\u011f\u0131m\u0131z anlam\u0131na geliyor\u201d dedi.<\/p>\n
Leaviss, m\u00fc\u015fterilerini y\u00fcksek faizlerden korumak amac\u0131yla uzun vadeli hazine tahvillerinde pozisyon azalt\u0131rken, k\u0131sa vadeli tahvillere y\u00f6neliyor.<\/p>\n
Yurtd\u0131\u015f\u0131 yat\u0131r\u0131mc\u0131lar, k\u00fcresel finans krizinin ard\u0131ndan ABD’nin borcunu finanse etmede kilit bir rol oynam\u0131\u015ft\u0131r. 2008 y\u0131l\u0131ndan bu yana yabanc\u0131lar hazine tahvillerindelki yat\u0131r\u0131mlar\u0131n\u0131 iki kat\u0131na \u00e7\u0131kard\u0131lar ve \u015fu anda yakla\u015f\u0131k 6.25 trilyon dolarl\u0131k hazine tahvili tutuyorlar.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bloomberght – K\u00fcresel merkez bankalar\u0131, ABD hazine tahvillerini rekor d\u00fczeyde sat\u0131yor<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"views":661,"_links":{"self":[{"href":"https:\/\/adalethazar.com\/index.php\/wp-json\/wp\/v2\/posts\/1424"}],"collection":[{"href":"https:\/\/adalethazar.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/adalethazar.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/adalethazar.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/adalethazar.com\/index.php\/wp-json\/wp\/v2\/comments?post=1424"}],"version-history":[{"count":1,"href":"https:\/\/adalethazar.com\/index.php\/wp-json\/wp\/v2\/posts\/1424\/revisions"}],"predecessor-version":[{"id":1425,"href":"https:\/\/adalethazar.com\/index.php\/wp-json\/wp\/v2\/posts\/1424\/revisions\/1425"}],"wp:attachment":[{"href":"https:\/\/adalethazar.com\/index.php\/wp-json\/wp\/v2\/media?parent=1424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/adalethazar.com\/index.php\/wp-json\/wp\/v2\/categories?post=1424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/adalethazar.com\/index.php\/wp-json\/wp\/v2\/tags?post=1424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}