Turkey 10-Year Government Bond Yield

Turkey 10-Year Government Bond Yield rose by 0.050% on Wednesday October 22, trading at 29.82% with a weekly loss of 0.02% and monthly gain of 0.58%. Political turmoil in Turkey, stemming from the arrest of Istanbul's mayor, has prompted investors to withdraw from Turkish assets, negatively impacting the Turkey 10-Year Government Bond Yield. The Central Bank of Turkey's decision to lower its policy rate by 250 basis points to 40.5% signals an easing stance which can pressure bond yields downwards. However, Turkey's current account has recorded a surplus, driven by tourism, potentially offering some resilience to the bond yield. Its 52-week high was 32.83 %, while its 52-week low was 25.03 %.