Deutsche Bank Ortado\u011fu ve Do\u011fu Avrupa Ara\u015ft\u0131rma M\u00fcd\u00fcr\u00fc Christian Wietoska, Ekonomist Yi\u011fit Onay ve Ara\u015ft\u0131rmac\u0131 Ankit Jain’in kaleme ald\u0131\u011f\u0131 “T\u00fcrkiye sabit getirisi: \u015fimdi ya da asla” ba\u015fl\u0131kl\u0131 ara\u015ft\u0131rma notunda, marttaki faiz art\u0131\u015f\u0131ndan bu yana T\u00fcrk liras\u0131n\u0131n “a\u00e7\u0131k ara farkla en iyi performans g\u00f6steren k\u00fcresel para birimi” oldu\u011fu kaydedildi.<\/p>\n
\u015eu ana kadar k\u0131sa vadeli tahvillerin g\u00fc\u00e7l\u00fc bir ralli yapt\u0131\u011f\u0131 belirtilen notta, “Bunun sadece bir ba\u015flang\u0131\u00e7 oldu\u011funa ve yerel tahvillerin hala son derece cazip giri\u015f seviyeleri sundu\u011funa inan\u0131yoruz.” denildi.<\/p>\n
Notta, T\u00fcrkiye’de enflasyonun may\u0131sta y\u00fczde 75,5 ile zirveye ula\u015fmas\u0131 sonras\u0131 gelecek aylarda g\u00fc\u00e7l\u00fc bir dezenflasyon ger\u00e7ekle\u015fece\u011fi ifade edilerek, y\u0131ll\u0131k enflasyonun a\u011fustos sonunda y\u00fczde 50 ve y\u0131l sonunda y\u00fczde 40 seviyesine gerilemesinin beklendi\u011fi aktar\u0131ld\u0131.<\/p>\n
Zay\u0131flayan i\u00e7 talep, faiz art\u0131r\u0131mlar\u0131yla daha s\u0131k\u0131 kredi ko\u015fullar\u0131 olu\u015fmas\u0131 ve daha istikrarl\u0131 bir para biriminin enflasyonda a\u015fa\u011f\u0131 y\u00f6nl\u00fc d\u00f6ng\u00fcy\u00fc destekledi\u011fi de notta yer ald\u0131.<\/p>\n
T\u00fcrk liras\u0131ndaki reel de\u011ferlenme ve i\u00e7 talepte beklenen yava\u015flaman\u0131n enflasyonun ana e\u011filimindeki d\u00fc\u015f\u00fc\u015fe katk\u0131da bulunaca\u011f\u0131 belirtilen notta, “A\u011fustosta man\u015fet enflasyonun yakla\u015f\u0131k 50’ye keskin \u015fekilde d\u00fc\u015fmesi, hane halk\u0131 ve \u015firketlerin enflasyon beklentilerinin \u00e7\u0131palanmas\u0131 i\u00e7in daha elveri\u015fli bir ortam yaratabilir.” de\u011ferlendirmesi yap\u0131ld\u0131.<\/p>\n
Ara\u015ft\u0131rma notunda, yurt i\u00e7i varl\u0131klardaki arz\u0131n yaz d\u00f6neminde d\u00fc\u015f\u00fck seyredece\u011fi ve pozisyonlanman\u0131n hala d\u00fc\u015f\u00fck seviyelerde olmas\u0131, enflasyon beklentilerinin d\u00fczelmesiyle tahvil getirilerinin daha cazip hale gelece\u011fi \u00f6ng\u00f6r\u00fclerek, T\u00fcrk devlet tahvillerine yat\u0131r\u0131m \u00f6nerisinde bulunuldu.<\/p>\n
Ge\u00e7en hafta \u0130svi\u00e7reli varl\u0131k y\u00f6netim \u015firketi Pictet Asset Management de T\u00fcrk tahvillerine ve liraya y\u00f6nelik yat\u0131r\u0131mc\u0131 deste\u011finin artmas\u0131yla uzun vadeli lira tahvilleri almaya ba\u015flad\u0131\u011f\u0131n\u0131 a\u00e7\u0131klam\u0131\u015ft\u0131.<\/p>\n\n
<\/p>\n
Kaynak :\u00a0http:\/\/www.milliyet.com.tr\/ekonomi\/deutsche-banktan-tl-cinsi-tahvillere-yatirim-onerisi-7150005<\/span><\/p>\n","protected":false},"excerpt":{"rendered":" Deutsche Bank, T\u00fcrk liras\u0131 cinsinden tahvillerin yat\u0131r\u0131mc\u0131lar i\u00e7in son derece cazip bir giri\u015f noktas\u0131 sundu\u011funu a\u00e7\u0131klad\u0131.<\/p>\n","protected":false},"author":1,"featured_media":88541,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[49,5433,221],"class_list":["post-88540","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ekonomi","tag-enflasyon","tag-tahvil","tag-turk"],"_links":{"self":[{"href":"https:\/\/kamucalisani.net\/index.php\/wp-json\/wp\/v2\/posts\/88540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kamucalisani.net\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kamucalisani.net\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kamucalisani.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kamucalisani.net\/index.php\/wp-json\/wp\/v2\/comments?post=88540"}],"version-history":[{"count":1,"href":"https:\/\/kamucalisani.net\/index.php\/wp-json\/wp\/v2\/posts\/88540\/revisions"}],"predecessor-version":[{"id":88542,"href":"https:\/\/kamucalisani.net\/index.php\/wp-json\/wp\/v2\/posts\/88540\/revisions\/88542"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kamucalisani.net\/index.php\/wp-json\/wp\/v2\/media\/88541"}],"wp:attachment":[{"href":"https:\/\/kamucalisani.net\/index.php\/wp-json\/wp\/v2\/media?parent=88540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kamucalisani.net\/index.php\/wp-json\/wp\/v2\/categories?post=88540"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kamucalisani.net\/index.php\/wp-json\/wp\/v2\/tags?post=88540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}