The rapid increase in Turkey’s benchmark bond yields is being observed

Bond

The 2-year government bond yields in Turkey, considered as benchmark bond yields, have surpassed 42%.

In the domestic market, investors experienced a rapid increase in benchmark bond yields while monitoring the Treasury and Finance Ministry’s bond auctions.

The 2-year government bond yields surged by 275 basis points to a level of 42.4% just before the auctions. This marked the peak levels in benchmark bond yields.

Before the re-issuance of the 2-year 6.30% fixed coupon-paying government bond and the 10-year 13.10% fixed coupon-paying government bond, the Treasury and Finance Ministry borrowed a total of 10 billion lira from market makers and the public.

Prior to the issuance of the 2-year bond, despite market makers’ bids totaling 7.41 billion lira, sales amounted to 4 billion lira. Of this bond, 3 billion lira was sold to the public.

Before the issuance of the 10-year bond, despite market makers’ bids totaling 4.65 billion lira, sales amounted to 3 billion lira. There were no sales to the public for this particular bond.

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