{"id":757367,"date":"2025-08-27T08:21:37","date_gmt":"2025-08-27T06:21:37","guid":{"rendered":"https:\/\/www.hashtag.al\/?p=757367"},"modified":"2025-08-27T08:21:37","modified_gmt":"2025-08-27T06:21:37","slug":"yield-et-e-bonove-12-mujore-bien-perseri-ne-nivelin-me-te-ulet-prej-qershorit-2022","status":"publish","type":"post","link":"https:\/\/www.hashtag.al\/index.php\/2025\/08\/27\/yield-et-e-bonove-12-mujore-bien-perseri-ne-nivelin-me-te-ulet-prej-qershorit-2022\/","title":{"rendered":"Yield-et e bonove 12-mujore bien p\u00ebrs\u00ebri, n\u00eb nivelin m\u00eb t\u00eb ul\u00ebt prej qershorit 2022","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"

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Yield-i bonove 12-mujore t\u00eb thesarit p\u00ebsoi nj\u00eb tjet\u00ebr r\u00ebnie t\u00eb leht\u00eb n\u00eb ankandin e k\u00ebsaj jave, duke u afruar m\u00eb shum\u00eb pran\u00eb norm\u00ebs baz\u00eb t\u00eb interesit.<\/span><\/p>\n

Sipas informacionit nga Banka e Shqip\u00ebris\u00eb, yield-i mesatar i ponderuar nga zbritur n\u00eb 2.6%, nga 2.62% q\u00eb ishte n\u00eb ankandin e m\u00ebparsh\u00ebm dhe 3.15% q\u00eb kishte qen\u00eb nj\u00eb vit m\u00eb par\u00eb. Yield-i bonove 12-mujore ka prekur nj\u00eb nivel t\u00eb ri minimal q\u00eb prej qershorit t\u00eb vitit 2022.<\/span><\/p>\n

Tregu i instrumenteve afatshkurtra vazhdon t\u00eb karakterizohet nga yield-e shum\u00eb t\u00eb ul\u00ebta, p\u00ebr shkak t\u00eb k\u00ebrkes\u00ebs s\u00eb lart\u00eb t\u00eb investitor\u00ebve (kryesisht banka) nga nj\u00ebra an\u00eb dhe nj\u00eb tendenc\u00eb n\u00eb ulje t\u00eb huamarrjes s\u00eb brendshme t\u00eb qeveris\u00eb.<\/span><\/p>\n

N\u00eb ankandin e k\u00ebsaj jave, shuma totale e k\u00ebrkuar arriti n\u00eb gati 8.84 miliard\u00eb lek\u00eb, kundrejt nj\u00eb shume t\u00eb shpallur p\u00ebr financim n\u00eb vler\u00ebn e 6.8 miliard\u00eb lek\u00ebve. Pro rata apo pjesa e pranuar e k\u00ebrkesave konkurruese ishte 93.24%.<\/span><\/p>\n

Tregu n\u00eb ankandet e fundit ka reflektuar, gjithashtu, uljen e norm\u00ebs baz\u00eb t\u00eb interesit nga Banka e Shqip\u00ebris\u00eb, n\u00eb fillim t\u00eb muajit korrik. Norma baz\u00eb e interesit \u00ebsht\u00eb ulur tashm\u00eb n\u00eb 2.5%, nga 3.25% q\u00eb kishte qen\u00eb deri n\u00eb korrikun e vitit t\u00eb kaluar.<\/span><\/p>\n

Nd\u00ebrkoh\u00eb, yield-et e bonove n\u00eb tregun financiar kan\u00eb zbritur af\u00ebrsisht n\u00eb nivelet e kriz\u00ebs inflacioniste t\u00eb vitit 2022. Por, marzhi mbi norm\u00ebn baz\u00eb t\u00eb interesit aktualisht \u00ebsht\u00eb m\u00eb i ul\u00ebt dhe pran\u00eb niveleve minimale historike. N\u00eb qershor 2022, norma baz\u00eb ishte ende n\u00eb nivelin 1%, nd\u00ebrsa bonot 12-mujore sh\u00ebnonin nj\u00eb yield prej 2.5%. Nd\u00ebrkoh\u00eb, aktualisht norma baz\u00eb \u00ebsht\u00eb n\u00eb nivelin 2.5%, nd\u00ebrsa bonot 12-mujore u emetuan me nj\u00eb yield 2.6%.<\/span><\/p>\n

Nd\u00ebrkoh\u00eb, p\u00ebr instrumentet m\u00eb afatgjata yield-et jan\u00eb n\u00eb nj\u00eb faz\u00eb korrektimi t\u00eb leht\u00eb n\u00eb rritje, pasi pat\u00ebn prekur nivelet m\u00eb t\u00eb ul\u00ebta historike gjat\u00eb tremujorit t\u00eb dyt\u00eb t\u00eb vitit.<\/span><\/p>\n

Prej fillimit t\u00eb vitit 2024, ulja e normave t\u00eb interesit t\u00eb Bank\u00ebs s\u00eb Shqip\u00ebris\u00eb dhe k\u00ebrkesa e lart\u00eb e investitor\u00ebve n\u00eb tregun primar t\u00eb titujve qeveritar\u00eb kishte sjell\u00eb nj\u00eb tendenc\u00eb t\u00eb vazhdueshme r\u00ebn\u00ebse p\u00ebr k\u00ebto instrumente. Nj\u00eb rol t\u00eb r\u00ebnd\u00ebsish\u00ebm luajti edhe k\u00ebrkesa n\u00eb rritje nga investitor\u00ebt jo-rezident\u00eb. Kjo rritje e k\u00ebrkes\u00ebs ndikoi edhe n\u00eb uljen e m\u00ebtejshme t\u00eb yield-eve t\u00eb bonove dhe obligacioneve p\u00ebr vitin e kaluar. Por, r\u00ebnia e ndjeshme e yield-eve duket se e ka zbehur disi interesin n\u00eb segmente t\u00eb ve\u00e7anta t\u00eb investitor\u00ebve, duke p\u00ebrfshir\u00eb ata jo-rezident\u00eb dhe individ\u00ebt. Ishte e pritshme q\u00eb r\u00ebnia e fort\u00eb e yield-eve do t\u00eb pasohej nga nj\u00eb korrektim i tyre n\u00eb rritje dhe pik\u00ebrisht nj\u00eb gj\u00eb e till\u00eb ka ndodhur duke filluar q\u00eb prej muajit qershor, sidomos p\u00ebr instrumentet me maturim afatgjat\u00eb.<\/span><\/p>\n

T\u00eb dh\u00ebnat e Bank\u00ebs s\u00eb Shqip\u00ebris\u00eb treguan se p\u00ebr tremujorin e dyt\u00eb t\u00eb vitit, pothuajse e gjith\u00eb shtesa e huamarrjes u p\u00ebrballua nga bankat, nd\u00ebrsa portofoli i titujve i zot\u00ebruar nga individ\u00ebt dhe jo-rezident\u00ebt nuk pati ndryshime.\/Monitor<\/strong><\/span><\/a><\/span><\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"excerpt":{"rendered":"

Yield-i bonove 12-mujore t\u00eb thesarit p\u00ebsoi nj\u00eb tjet\u00ebr r\u00ebnie t\u00eb leht\u00eb n\u00eb ankandin e k\u00ebsaj jave, duke u afruar m\u00eb shum\u00eb pran\u00eb norm\u00ebs baz\u00eb t\u00eb interesit. Sipas informacionit nga Banka e Shqip\u00ebris\u00eb, yield-i mesatar i ponderuar nga zbritur n\u00eb 2.6%, nga 2.62% q\u00eb ishte n\u00eb ankandin e m\u00ebparsh\u00ebm dhe 3.15% q\u00eb kishte qen\u00eb nj\u00eb vit […]<\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"author":49,"featured_media":757368,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53],"tags":[],"class_list":["post-757367","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fast-foodi"],"gt_translate_keys":[{"key":"link","format":"url"}],"_links":{"self":[{"href":"https:\/\/www.hashtag.al\/index.php\/wp-json\/wp\/v2\/posts\/757367","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hashtag.al\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hashtag.al\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hashtag.al\/index.php\/wp-json\/wp\/v2\/users\/49"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hashtag.al\/index.php\/wp-json\/wp\/v2\/comments?post=757367"}],"version-history":[{"count":99999,"href":"https:\/\/www.hashtag.al\/index.php\/wp-json\/wp\/v2\/posts\/757367\/revisions"}],"predecessor-version":[{"id":757369,"href":"https:\/\/www.hashtag.al\/index.php\/wp-json\/wp\/v2\/posts\/757367\/revisions\/757369"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.hashtag.al\/index.php\/wp-json\/wp\/v2\/media\/757368"}],"wp:attachment":[{"href":"https:\/\/www.hashtag.al\/index.php\/wp-json\/wp\/v2\/media?parent=757367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hashtag.al\/index.php\/wp-json\/wp\/v2\/categories?post=757367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hashtag.al\/index.php\/wp-json\/wp\/v2\/tags?post=757367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}