COUNTRY •
TURKEY
Last Update: 1 Dec 2022 0:15 GMT+0
The Turkey 10Y Government Bond has a 10.730% yield.
10 Years vs 2 Years bond spread is 26 bp. Yield Curve is flat in Long-Term vs Short-Term Maturities.
Central Bank Rate is 9.00% (last modification in November 2022).
The Turkey credit rating is B, according to Standard & Poor's agency.
Current 5-Years Credit Default Swap quotation is 528.38 and implied probability of default is 8.81%.
If data are not all visible, swipe table left
| Residual Maturity |
Yield | ZC Price | Last Change |
||||||
|---|---|---|---|---|---|---|---|---|---|
| Last | Chg 1M | Chg 6M | Last | Chg 1M | Chg 6M | ||||
| 3 months | 10.470% | -304.7 bp | -591.8 bp | 30 Nov | |||||
| 6 months | 10.234% | -342.8 bp | -806.9 bp | 30 Nov | |||||
| 9 months | 9.353% | -413.2 bp | -1265.8 bp | 30 Nov | |||||
| 1 year | 10.730% | -357.0 bp | -1052.0 bp | 90.31 | +3.22 % | +9.51 % | 01 Dec | ||
| 2 years | 10.470% | -399.0 bp | -1375.0 bp | 81.94 | +7.35 % | +26.43 % | 01 Dec | ||
| 3 years | 8.450% | -546.0 bp | -1551.0 bp | 78.40 | +15.87 % | +49.33 % | 01 Dec | ||
| 5 years | 9.870% | -14.0 bp | -1268.0 bp | 62.46 | +0.64 % | +72.64 % | 01 Dec | ||
| 10 years | 10.730% | -52.0 bp | -1076.0 bp | 36.09 | +4.82 % | +152.73 % | 01 Dec | ||
Last Update: 1 Dec 2022 0:15 GMT+0
Turkey Yield Curve Analysis
Normally, longer-duration interest rates are higher than short-duration. So, the yield curve normally slopes upward as duration increases.
For this reason, the spread (i.e. the yield difference) between a longer and a shorter bond should be positive.
If not, the yield curve can be flat or inverted.
The curve convexity is measured considering some key bond durations (usually 2 years and 10 years, but also other maturities).
The curve convexity is measured considering some key bond durations (usually 2 years and 10 years, but also other maturities).
If data are not all visible, swipe table left
| Residual Maturity |
Yield | Spread vs Bond | Spread vs Central Bank Rate (9.00%) |
||||
|---|---|---|---|---|---|---|---|
| 3 months | 1 year | 2 years | 5 years | ||||
| 10 years | 10.730% | 173.0 bp | |||||
| 5 years | 9.870% | 87.0 bp | |||||
| 2 years | 10.470% | 147.0 bp | |||||
| 1 year | 10.730% | 173.0 bp | |||||
| 3 months | 10.470% | 147.0 bp | |||||
Focusing on 2 years Government Bond:
If data are not all visible, swipe table left
| 2Y vs 1Y | -26 bp | Yield Curve is inverted in Short-Term Maturities | ||
| 5Y vs 2Y | -60 bp | Yield Curve is inverted in Mid-Term vs Short-Term Maturities | ||
| 10Y vs 2Y | 26 bp | Yield Curve is flat in Long-Term vs Short-Term Maturities |
Readings that may interest you
Turkey Credit Ratings
A credit rating is an assessment of the creditworthiness of a borrower (in general terms or with respect to a particular debt or financial obligation).
For a deeper analysis of credit ratings, click here
Turkey Credit Ratings History
| Rating Agency | Rating | Outlook |
|---|---|---|
| Standard & Poor's |
B
|
- |
| Moody's Investors Service |
B3
|
- |
| Fitch Ratings |
B
|
negative |
| DBRS |
BB (high)
|
negative |
Turkey Interest Rates
A bank rate is the interest rate at which a nation's central bank lends money to domestic banks, often in the form of very short-term loans.
| Interest Rates | Value | |
|---|---|---|
| Central Bank Rate | 9.00% |
Turkey Credit Default Swaps
The term credit default swap (CDS) refers to a financial derivative that allows an investor to swap or offset their credit risk with that of another investor. To swap the risk of default, the lender buys a CDS from another investor who agrees to reimburse the lender in the case the borrower defaults.
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| Credit Default Swap | CDS Value | Var % 1W | Var % 1M | Var % 1Y | Implied PD(*) | |
|---|---|---|---|---|---|---|
| 5 Years CDS | 528.38 | -11.58 % | -19.91 % | +6.51 % | 8.81 % |
(*) Implied probability of default, calculated on the hypothesis of a 40% recovery rate.
Turkey 10Y Bond Yield Spread
The Turkey 10Y Government Bond has a 10.730% yield. Click on Spread value for the historical serie.
A positive spread, marked by
, means that the 10Y Bond Yield is higher than the corresponding foreign bond. Instead, a negative spread is marked by a green circle.
Click on the values in "Current Spread" column, for the historical series of the spread.
Click on the "Compare" button, for a report with the full comparison between the two countries, with all the available data.
If data are not all visible, swipe table left
| Turkey 10Y vs | Current Spread | Chg 1M | Chg 6M | ||
|---|---|---|---|---|---|
| Japan 10Y | 1046.3 bp | -53.7 bp | -1079.5 bp | Compare | |
| Germany 10Y | 884.1 bp | -27.1 bp | -1147.3 bp | Compare | |
| France 10Y | 832.9 bp | -26.0 bp | -1147.2 bp | Compare | |
| China 10Y | 780.7 bp | -77.3 bp | -1088.3 bp | Compare | |
| Spain 10Y | 778.3 bp | -18.7 bp | -1138.6 bp | Compare | |
| Canada 10Y | 778.2 bp | -20.1 bp | -1073.1 bp | Compare | |
| United Kingdom 10Y | 757.4 bp | -21.8 bp | -1177.4 bp | Compare | |
| Australia 10Y | 723.8 bp | -24.7 bp | -1077.8 bp | Compare | |
| United States 10Y | 710.6 bp | -9.6 bp | -1147.3 bp | Compare | |
| Italy 10Y | 686.0 bp | -12.5 bp | -1143.5 bp | Compare | |
| India 10Y | 345.0 bp | -40.4 bp | -1062.6 bp | Compare | |
| Russia 10Y | 65.0 bp | -74.0 bp | -1153.0 bp | Compare | |
| Brazil 10Y | -199.4 bp | -144.7 bp | -1091.8 bp | Compare |
Turkey Government Bonds Prices
Price Simulation: bonds with a face value of 100, with different coupon rates. The highlighted column refers to the zero coupon bond.
Click on
for a forecast of the yield.
If data are not all visible, swipe table left
| Residual Maturity |
Yield | Bond Price - with different Coupon Rates | Fx | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 0% | 1% | 3% | 5% | 7% | 9% | ||||
| 10 years | 10.730% | 36.09 | 42.04 | 53.96 | 65.87 | 77.78 | 89.70 | ||
| 5 years | 9.870% | 62.46 | 66.26 | 73.87 | 81.48 | 89.08 | 96.69 | ||
| 3 years | 8.450% | 78.40 | 80.96 | 86.07 | 91.18 | 96.29 | 101.41 | ||
| 2 years | 10.470% | 81.94 | 83.67 | 87.12 | 90.57 | 94.02 | 97.46 | ||
| 1 year | 10.730% | 90.31 | 91.21 | 93.02 | 94.83 | 96.63 | 98.44 | ||
| Maturity Date | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||