{"id":238456,"date":"2025-07-14T18:43:40","date_gmt":"2025-07-14T18:43:40","guid":{"rendered":"https:\/\/bm.dev.synology.me\/?p=238456"},"modified":"2025-07-14T18:43:40","modified_gmt":"2025-07-14T18:43:40","slug":"criza-in-avans-obligatiunile-germaniei-pe-30-de-ani-explodeaza-la-maximul-ultimului-deceniu-teama-de-taxele-impuse-de-trump-si-cheltuielile-uriase-de-stat-baga-investitorii-in-alerta","status":"publish","type":"post","link":"https:\/\/bm.dev.synology.me\/?p=238456","title":{"rendered":"Criz\u0103 \u00een avans? Obligatiunile Germaniei pe 30 de ani explodeaz\u0103 la maximul ultimului deceniu: Teama de taxele impuse de Trump \u015fi cheltuielile uria\u015fe de stat bag\u0103 investitorii \u00een alert\u0103"},"content":{"rendered":"<p>\nRandamentele obliga\u0163iunilor guvernamentale germane pe 30 de ani au urcat luni la cel mai \u00eenalt nivel din 2023, pe fondul \u00eengrijor\u0103rilor tot mai mari privind noi taxe comerciale impuse de SUA \u015fi cheltuielile masive planificate de guvernul federal, scrie Bloomberg.<\/p>\n<p>\nRandamentul titlurilor a crescut cu 3 puncte de baz\u0103, ajung\u00e2nd la 3,25%, consolid\u00e2nd astfel o tendin\u0163\u0103 puternic ascendent\u0103 observat\u0103 \u00een ultima lun\u0103. Dac\u0103 rata trece de pragul de 3,263%, ar marca cel mai ridicat nivel din 2011 \u00eencoace.<\/p>\n<p>\nAcest val de v\u00e2nz\u0103ri nu este izolat: obliga\u0163iunile cu maturit\u0103\u0163i mari sufer\u0103 la nivel global. Inclusiv titlurile japoneze pe 30 de ani au suferit corec\u0163ii semnificative \u00een aceea\u015fi zi. \u00cen Europa, tensiunile s-au amplificat imediat dup\u0103 ce pre\u015fedintele american Donald Trump a anun\u0163at un tarif vamal de 30% aplicat produselor din Uniunea European\u0103. \u00cen paralel, pie\u0163ele a\u015fteptau o nou\u0103 emisiune de obliga\u0163iuni UE, inclusiv titluri cu scaden\u0163\u0103 \u00een 2054.<\/p>\n<p>\nInvestitorii cer acum prime de risc tot mai mari pentru a finan\u0163a cheltuielile masive ale Germaniei. Pachetul legislativ adoptat \u00een martie a deschis calea pentru sute de miliarde de euro \u00een datorii publice, direc\u0163ionate c\u0103tre ap\u0103rare \u015fi infrastructur\u0103. Iar lucrurile nu se opresc aici: \u00een iunie, agen\u0163ia financiar\u0103 a anun\u0163at c\u0103 Berlinul va \u00eemprumuta cu aproximativ 20% mai mult dec\u00e2t planificase ini\u0163ial, pentru a sus\u0163ine valul de cheltuieli suplimentare.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Randamentele obliga\u0163iunilor guvernamentale germane pe 30 de ani au urcat luni la cel mai \u00eenalt nivel din 2023, pe fondul \u00eengrijor\u0103rilor tot mai mari privind noi taxe comerciale impuse de SUA \u015fi cheltuielile masive planificate de guvernul federal, scrie Bloomberg. Randamentul titlurilor a crescut cu 3 puncte de baz\u0103, ajung\u00e2nd la 3,25%, consolid\u00e2nd astfel o [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[510],"tags":[283,182,14884,7921,31465,7633,8686,369,20980,7262,34896,9719],"class_list":["post-238456","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-cheltuieli","tag-criza","tag-explozie","tag-germania","tag-impunere","tag-investitori","tag-maxim","tag-obligatiuni","tag-planificare","tag-taxe","tag-teama","tag-titluri"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/238456","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=238456"}],"version-history":[{"count":0,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/238456\/revisions"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=238456"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=238456"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=238456"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}