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Eurobond Piyasasındaki Gelişmeler
Bond yields rose across the curve after the Fed lifted the funds rate by 25 bps to 3.75–4.00%, with futures pricing one additional 25 bps hike in December. Since September 9, U.S. Treasury yields increased by 29 bps (2Y), 22 bps (5Y), 13 bps (10Y) and 2 bps (30Y). Turkey’s 5Y CDS widened by 11 bps over the same period. The combination of higher U.S. rates and a rise in Turkey’s risk premium is driving an upward trend in Turkish eurobond yields.