Turkiye’s credit risk premium decreased and reached 348.2 levels

Turkiye’s 5-year credit risk premium fell below 350 basis points for the first time in nearly 3 years and reached 348.2 levels.

Turkiye’s CDS, which was at the level of 700 basis points in May, decreased by approximately 350 basis points in the last six months and fell below the 350 basis point level.

With the statements of CBRT President Hafize Gaye Erkan in the last Inflation Report presentation revealing the determination to fight inflation, the decline in Turkiye’s CDS accelerated again and dropped to around 365 basis points on Friday, November 3. Continuing its downward trend, CDS is at 348.2 basis points today.

The decline in CDS, which also reflects foreign investor interest in Turkish lira assets, continues with the CBRT’s determined steps towards establishing disinflation despite ongoing geopolitical risks, and Turkiye’s continued increase in access to external financing, with positive signals from the meetings held with foreign investors.

Source: Trthaber / Prepared by Irem Yildiz

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