Turkey's benchmark 10-year government bond yield rose above 12% from 9% before the runoff election on May 28th, as investors await President Erdogan's announcement of his new cabinet and the unveiling of his economic policies. Erdogan has promised that his new economic team will possess "international credibility", that he will work towards reducing inflation to single digits and prioritize healing the wounds in provinces hit by the February earthquakes. Recently, he met with Mehmet Simsek, a former finance minister known for his market-friendly approach, raising hopes of a reversal of some of the unorthodox policies implemented in recent years, which led to high inflation, low interest rates, a plummeting lira, and negative net foreign exchange reserves.

Historically, the Turkey Government Bond 10y reached an all time high of 114.85 in December of 2019. Turkey Government Bond 10y - data, forecasts, historical chart - was last updated on June of 2023.

The Turkey Government Bond 10y is expected to trade at 12.89 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 15.16 in 12 months time.

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Turkey Government Bond 10y

Bonds Yield Day Month Year
Turkey 10Y 12.21 1.980% -0.390% -9.650%
Turkey 2Y 13.04 1.860% -2.200% -11.080%

Turkey Government Bond 10y
Generally, a government bond is issued by a national government and is denominated in the country`s own currency. Bonds issued by national governments in foreign currencies are normally referred to as sovereign bonds. The yield required by investors to loan funds to governments reflects inflation expectations and the likelihood that the debt will be repaid.
Actual Previous Highest Lowest Dates Unit Frequency
12.21 10.23 2010 - 2023 percent Daily