Turkiye’s 5-year credit risk premium (CDS) fell to 466 basis points, the lowest level since May 14.
After the general elections held in May, Turkiye’s risk premium, which has been in a downward trend with the market-friendly attitude of the new economy administration, continues its downward trend after yesterday’s Turkiye, Sweden and NATO talks.
While important decisions were taken at the meeting held in Vilnius, the capital of Lithuania yesterday, in the statement made after the trilateral meeting between Turkiye, Sweden and NATO, it was stated that Turkiye will send Sweden’s NATO accession protocols to the Turkish Grand National Assembly, and Sweden will support efforts to revive Turkiye’s membership process to the European Union (EU).
Analysts stated that the agreement in question was welcomed by many countries and positively affected Turkish assets.
Stating that the messages given by the new economy management were also received positively in the markets, the analysts pointed out the importance of emphasizing the fight against inflation.
BIST 100 index at all-time high
Meanwhile, the BIST 100 index in Borsa Istanbul was positively affected by the aforementioned news flow. The index broke the record with 6,379.29 points during the day.
While the upward trend in the BIST 100 index continued for the 5th consecutive day, the banking index led the rise today with a return exceeding 4%.
While the index renewed its closing record in all of the last 4 trading days, the post-election index gained close to 40%.
Source: Trthaber / Prepared by Irem Yildiz