09 Oct 16 (Sun)
Having left behind Moody’s related tension, markets were in an effort to recover this week, despite reemerged terrorist activities and expected downgrade from Fitch as well. With an increase in risk appetite, 5Y Turkish CDS spread which ended Sep 30 week at 262.1 has come down below 250 by Oct 7 close. BIST100 ended the week at 77,976 on a 1.9% gain (0.3% in $ terms) while USD/TRY was 1.7% up to 3.053 at the end of the week. Thanks to sharp drop in September inflation and globally low yields, bond yields have ended the week lower than previous week. 2Y benchmark bond yield closed at 8....
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