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Turkey 5 Years CDS - Historical Data
Turkey 5 Years CDS. Updated interactive chart with historical CDS data.
![www.worldgovernmentbonds.com](https://www.worldgovernmentbonds.com/wp-content/uploads/2023/10/cropped-icon-32x32.png)
BUZZ-Turkish lira is in a terrible position
Oggi 10:36 - RSF
* USD/TRY is trading at highest point seen under normal conditions
* Pair's record high at 19.80 traded on a weekend - a flash crash
* Pace of gains has accelerated on break over 19
* Acceleration may be due ineffectiveness/lessening of intervention
* USD/TRY prices remain inverted - a very bad sign
* Inverted prices signs of extreme stress - credit issues
* Credit lines of those selling - those intervening - may be full
* Recent EUR/TRY rise to record high a big issue - EZ big trading partner
* CPI is falling but still 50%, far in excess of main int/rate (news)
* OPEC's production cuts are bad news for Turkey (news)
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(Jeremy Boulton is a Reuters market analyst. The views expressed are his own)
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