Skip to content
TALAYINSIGHT

Credit riskIV Macro & Debt

Türkiye 5-year CDS

Annual cost of insuring Türkiye's 5-year external debt against default.

251

bp · 4 Nov

1D
−6 bp
30D
−4 bp
1Y
—

Last 12 months · markers link to event pages

21222523925226517/0801/0917/0902/1020/1004/1125 September 2026 — Türkiye's CDS tops 250 for the first time since 27 May: as the $18 billion liquidation of 131 funds proceeds, Erdoğan says no systemic risk; 45 arrested129 September 2026 — Fitch says fund investigation will not weigh on Türkiye's rating227 October 2026 — Mecca defence pact reaches the Turkish foreign affairs committee3
  1. 125/09 · Türkiye's CDS tops 250 for the first time since 27 May: as the $18 billion liquidation of 131 funds proceeds, Erdoğan says no systemic risk; 45 arrested
  2. 229/09 · Fitch says fund investigation will not weigh on Türkiye's rating
  3. 327/10 · Mecca defence pact reaches the Turkish foreign affairs committee

Why it matters

Geopolitical stress and the energy bill are reflected in CDS before the currency.

Threshold · > 350

The threshold is the level at which the energy-bill channel is fully reflected in the risk premium.

Normal · warning zone > 300

Last 30 observations
DateValuevs previous observation
4 November 2026251−6
3 November 2026257+1
2 November 2026257+1
30 October 2026256+3
29 October 2026253−2
28 October 2026255−3
27 October 2026258−2
26 October 2026261+0
23 October 2026260+7
22 October 2026254+3
21 October 2026251−2
20 October 2026253+3
19 October 2026250+2
16 October 2026248+1
15 October 2026247+2
14 October 2026245+1
13 October 2026244+1
12 October 2026243−1
9 October 2026244−4
8 October 2026248+1
7 October 2026248+1
6 October 2026247−8
5 October 2026255−0
2 October 2026256+4
1 October 2026252+6
30 September 2026246−2
29 September 2026249−1
28 September 2026250+2
25 September 2026248+3
24 September 2026245—