• Tue. Dec 5th, 2023

Turkey’s Credit Default Swap (CDS) Hits 33-Month Low


Nov 21, 2023

The decline in Turkey’s five-year credit default swap (CDS) is a positive sign for the country’s loan repayment status and risk premium. Last week, the CDS premium dropped below 350 basis points, reaching its lowest level since March 19, 2021. This decrease in the CDS premium has occurred amid the Central Bank of the Republic of Turkey (CBRT) interest rate decision.

On Thursday, the CBRT is expected to announce its November interest rate decision, with markets anticipating a slower interest rate hike of 250 basis points. Over the past five meetings, the Central Bank has increased the interest rate by a total of 2650 basis points in an effort to stabilize the economy.

In other news, various products and services were advertised, including appliance repair, car speakers, weight loss medication, and online gambling. Additionally, there were links to articles and podcasts on topics such as hiring a consultant for Microsoft Dynamics AX and motorcycle safety. One link led to explicit content that is not appropriate for this document and has been excluded.

Leave a Reply