{"id":172861,"date":"2026-10-13T04:42:07","date_gmt":"2026-10-13T04:42:07","guid":{"rendered":"https:\/\/friss-hirek.hu\/index.php\/omlik-a-penz-a-magyar-allampapirokba-lassan-olcsobban-finanszirozzak-a-befektetok-hazankat-mint-amerikat\/friss-hirek\/"},"modified":"2026-10-13T04:42:07","modified_gmt":"2026-10-13T04:42:07","slug":"omlik-a-penz-a-magyar-allampapirokba-lassan-olcsobban-finanszirozzak-a-befektetok-hazankat-mint-amerikat","status":"publish","type":"post","link":"https:\/\/friss-hirek.hu\/index.php\/omlik-a-penz-a-magyar-allampapirokba-lassan-olcsobban-finanszirozzak-a-befektetok-hazankat-mint-amerikat\/uzlet\/","title":{"rendered":"\u00d6mlik a p\u00e9nz a magyar \u00e1llampap\u00edrokba, lassan olcs\u00f3bban finansz\u00edrozz\u00e1k a befektet\u0151k haz\u00e1nkat, mint Amerik\u00e1t"},"content":{"rendered":"<p><strong>A nemzetk\u00f6zi k\u00f6tv\u00e9nypiaci folyamatok tektonikus mozg\u00e1saib\u00f3l Magyarorsz\u00e1g most \u00e9ppen nagyon j\u00f3l j\u00f6n ki, hat \u00e9ve nem l\u00e1tott helyzet \u00e1llt el\u0151 az ad\u00f3ss\u00e1gpiacon. A m\u00f6g\u00f6ttes v\u00e9leked\u00e9s h\u00edzelg\u0151, de \u00e9rdemes a jelenlegi glob\u00e1lis folyamatok t\u00fckr\u00e9ben n\u00e9zni a sz\u00e1mokat. <\/strong><\/p><div id=\"friss-1609867682\" class=\"friss-etarget friss-entity-placement\"><script type=\"text\/javascript\" id=\"etargetScript7a9b589f63cb072bef80df221f46a22b\">function etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b(){var e=\"etargetPostload7a9b589f63cb072bef80df221f46a22b\",t=\"etargetScript7a9b589f63cb072bef80df221f46a22b\",o=document.getElementById(e);if(o){for(var n=o.offsetTop,d=o.offsetLeft,r=o.offsetWidth,a=o.offsetHeight;o.offsetParent;)o=o.offsetParent,n+=o.offsetTop,d+=o.offsetLeft;var i=(n<=window.pageYOffset+window.innerHeight&&d<window.pageXOffset+window.innerWidth&&n+a>window.pageYOffset&&d+r>window.pageXOffset);if(i&&etargetAllowOtherCheck){allowed=!1;var c=document.createElement(\"script\");return c.src=\"\/\/hu.search.etargetnet.com\/generic\/uni.php?g=ref:58661,area:700x210\",void(document.getElementById(t)&&document.getElementById(e)&&(document.getElementById(t).parentNode.appendChild(c),document.getElementById(t).parentNode.removeChild(document.getElementById(t)),document.getElementById(e).parentNode.removeChild(document.getElementById(e)),document.removeEventListener(\"scroll\",etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b),document.removeEventListener(\"resize\",etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b),document.removeEventListener(\"DOMContentLoaded\",etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b)))}}}var etargetDivID=\"etargetPostload7a9b589f63cb072bef80df221f46a22b\",etargetScriptID=\"etargetScript7a9b589f63cb072bef80df221f46a22b\",etargetPostloadPoint=document.createElement(\"div\");etargetPostloadPoint.id=etargetDivID;var etargetCurScript=document.getElementById(etargetScriptID);etargetCurScript.parentNode.appendChild(etargetPostloadPoint),document.addEventListener(\"scroll\",etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b),document.addEventListener(\"resize\",etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b),document.addEventListener(\"DOMContentLoaded\",etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b);var etargetAllowOtherCheck=!0;if(typeof(\"forceRunPostload\")==\"string\"){etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b()}<\/script><\/div>\n<p><em>Ha szeretn\u00e9d hasonl\u00f3 elemz\u00e9sekkel \u00e9s h\u00edrekkel ind\u00edtani a heted, <a href=\"https:\/\/forbes.us14.list-manage.com\/subscribe?u=20fc2946df0b39d3d845208f3&amp;id=15a487a7cb\">iratkozz fel a Forbes Money h\u00edrlev\u00e9lre<\/a>, hogy m\u00e1r h\u00e9tf\u0151 hajnalban a postafi\u00f3kodban l\u00e1sd a h\u00e9t legfontosabb t\u0151kepiaci fejlem\u00e9nyeit. <\/em><\/p>\n<p class=\"has-drop-cap\">Roppantul mozgalmas napokon vannak t\u00fal a k\u00f6tv\u00e9nypiacok vil\u00e1gszerte, ebb\u0151l viszont a magyar eszk\u00f6z\u00f6k most a nyertes oldalon j\u00f6ttek ki. Az amerikai 10 \u00e9ves hozam ugyanis 5,3 sz\u00e1zal\u00e9kig ralizott a m\u00falt h\u00e9ten, a magyar 10 \u00e9ves ek\u00f6zben 5,8 sz\u00e1zal\u00e9kr\u00f3l 5,6 sz\u00e1zal\u00e9kig esett.<\/p>\n<div class=\"related-post-links\">\n<p>\t\t<span class=\"related-post-links__title minititle\">Tov\u00e1bbiak ebb\u0151l<\/span><\/p>\n<div class=\"related-post-links__link-wrapper\">\n\t\t\t\t<a href=\"https:\/\/www.forbes.hu\/penz\/fej-fej-mellett-a-ket-legjobb-allampapir-a-kormanyon-mulik-melyik-fizet-majd-tobbet\/\" class=\"related-post-links__link\">Fej fej mellett a k\u00e9t legjobb \u00e1llampap\u00edr, innent\u0151l a korm\u00e1nyon m\u00falik, hogy melyik fog t\u00f6bbet fizetni<\/a>\n\t\t\t<\/div>\n<div class=\"related-post-links__link-wrapper\">\n\t\t\t\t<a href=\"https:\/\/www.forbes.hu\/penz\/amerikai-hozamok-forint-allamadossag\/\" class=\"related-post-links__link\">Egy sz\u00e1mra figyel a vil\u00e1g: k\u00e9t \u00e9vtizede nem l\u00e1ttunk ilyet, a forint \u00e9s az \u00e1llampap\u00edrok is megmozdultak<\/a>\n\t\t\t<\/div>\n<\/div>\n<p>Ez azt eredm\u00e9nyezte, hogy a hazai \u00e9s az amerikai hozamok k\u00f6zti k\u00fcl\u00f6nb\u00f6zet 2020 eleje \u00f3ta nem l\u00e1tott szintre, 37 b\u00e1zispontra esett, a h\u00e9tf\u0151i keresked\u00e9sben pedig tov\u00e1bb javult a m\u00e9rleg a hazai eszk\u00f6z\u00f6k sz\u00e1m\u00e1ra, \u00e9s eg\u00e9szen 34 pontig <a href=\"https:\/\/www.worldgovernmentbonds.com\/spread\/hungary-10-years-vs-united-states-10-years\/\">zsugorodott<\/a> a spread.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>Ha \u00fagy tetszik: hat \u00e9ve nem kellett annyira alacsony pr\u00e9miumot fizetnie a magyar \u00e1llamnak ad\u00f3ss\u00e1ga elad\u00e1sa \u00e9rdek\u00e9ben a vil\u00e1g alf\u00e1j\u00e1nak \u00e9s \u00f3meg\u00e1j\u00e1nak tartott amerikai pap\u00edrokkal szemben, mint most.<\/p>\n<\/blockquote>\n<p>Ez a helyzet t\u00f6bb t\u00e9nyez\u0151 egy\u00fctt\u00e1ll\u00e1sa eredm\u00e9nyek\u00e9nt j\u00f6tt ki. Az elm\u00falt hetek legtrendibb sztorija az volt, hogy vil\u00e1gszerte k\u00fasznak felfel\u00e9 a hozamok, \u00e9s ez t\u00f6bb\u00e9-kev\u00e9sb\u00e9 \u00edgy is volt. A legfontosabb nyugati piacokon szinte egy\u00f6ntet\u0171en emelkedtek a r\u00e1t\u00e1k, a tengerent\u00fali hozamokat a rossz geopolitikai helyzet \u00e9s a 109 doll\u00e1rig felsz\u00far\u00f3 olaj\u00e1r mellett a ragad\u00f3s infl\u00e1ci\u00f3val kapcsolatos f\u00e9lelmek is hajtj\u00e1k felfel\u00e9.<\/p>\n<p>Itthon azonban mindez nem csap\u00f3dott le ilyen m\u00e9rt\u00e9kben. <\/p>\n<div class=\"highlighted-text\">\n<p>\t\t<span class=\"highlighted-text__title minititle\">Err\u0151l sz\u00f3l m\u00e9g a cikk<\/span><\/p>\n<div class=\"highlighted-text__content\">\n<ul>\n<li>Alulm\u00falhatj\u00e1k a magyar hozamok az amerikaiakat?<\/li>\n<li>Mit\u0151l n\u0151tt hatalmasra a k\u00fclf\u00f6ldi kereslet?<\/li>\n<li>Felezheti az eur\u00f3 a k\u00f6lts\u00e9gvet\u00e9s kamatterheit?<\/li>\n<\/ul><\/div>\n<\/div>\n<div><\/div>\n<div class=\"premium-blocker premium-blocker--hu\" data-needed=\"web\" data-current=\"[&quot;free&quot;]\">\n<div data-needed=\"web\"><\/div>\n<\/div>\n<p>\t\t<!-- No email blocks found --><\/p>\n<p>The post <a href=\"https:\/\/www.forbes.hu\/penz\/allampapir-hozamok-usa-vs-magyarorszag\/\">\u00d6mlik a p\u00e9nz a magyar \u00e1llampap\u00edrokba, lassan olcs\u00f3bban finansz\u00edrozz\u00e1k a befektet\u0151k haz\u00e1nkat, mint Amerik\u00e1t<\/a> appeared first on <a href=\"https:\/\/www.forbes.hu\/\">Forbes.hu<\/a>.<\/p><div id=\"friss-3798596791\" class=\"friss-etarget-cikk-vege friss-entity-placement\"><script type=\"text\/javascript\" id=\"etargetScript7a9b589f63cb072bef80df221f46a22b\">function etargetPostloadFunction7a9b589f63cb072bef80df221f46a22b(){var e=\"etargetPostload7a9b589f63cb072bef80df221f46a22b\",t=\"etargetScript7a9b589f63cb072bef80df221f46a22b\",o=document.getElementById(e);if(o){for(var n=o.offsetTop,d=o.offsetLeft,r=o.offsetWidth,a=o.offsetHeight;o.offsetParent;)o=o.offsetParent,n+=o.offsetTop,d+=o.offsetLeft;var 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id=\"friss-4225822522\" class=\"friss-after-content_3 friss-entity-placement\">https:\/\/www.youtube.com\/watch?v=Pdnw4KiUWp0<\/div>","protected":false},"excerpt":{"rendered":"<p>A nemzetk\u00f6zi k\u00f6tv\u00e9nypiaci folyamatok tektonikus mozg\u00e1saib\u00f3l Magyarorsz\u00e1g most \u00e9ppen nagyon j\u00f3l j\u00f6n ki, hat \u00e9ve nem l\u00e1tott helyzet \u00e1llt el\u0151 az ad\u00f3ss\u00e1gpiacon. A m\u00f6g\u00f6ttes v\u00e9leked\u00e9s h\u00edzelg\u0151, de \u00e9rdemes a jelenlegi glob\u00e1lis folyamatok t\u00fckr\u00e9ben n\u00e9zni a sz\u00e1mokat. Ha szeretn\u00e9d hasonl\u00f3 elemz\u00e9sekkel \u00e9s h\u00edrekkel ind\u00edtani a heted, iratkozz fel a Forbes Money h\u00edrlev\u00e9lre, hogy m\u00e1r h\u00e9tf\u0151 hajnalban [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-172861","post","type-post","status-publish","format-standard","hentry","category-uzlet"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/friss-hirek.hu\/index.php\/wp-json\/wp\/v2\/posts\/172861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/friss-hirek.hu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/friss-hirek.hu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/friss-hirek.hu\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/friss-hirek.hu\/index.php\/wp-json\/wp\/v2\/comments?post=172861"}],"version-history":[{"count":0,"href":"https:\/\/friss-hirek.hu\/index.php\/wp-json\/wp\/v2\/posts\/172861\/revisions"}],"wp:attachment":[{"href":"https:\/\/friss-hirek.hu\/index.php\/wp-json\/wp\/v2\/media?parent=172861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/friss-hirek.hu\/index.php\/wp-json\/wp\/v2\/categories?post=172861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/friss-hirek.hu\/index.php\/wp-json\/wp\/v2\/tags?post=172861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}