Türkiye USD Sovereign Bond Yields
Fitted spot curve as of 2026-09-28
https://bondscovery.com/yield-curve/turkey-usd-bonds
Türkiye USD Sovereign Bond Yields as of 2026-09-28: 10Y at 7.68%, fitted curve 1M–20Y (6.45%–8.19%), 31 bonds. Live chart, constituents and forward rates on bondScovery.
Also quoted as Turkey eurobond yields, Türkiye eurobond yields, Turkey dollar bond yields and Turkey government bond yields USD. The curve below is fitted across 31 Türkiye USD Sovereign Bond issues, from the shortest bill to the longest bond, and rebuilt with every daily build.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 6.45% | — |
| 6M | 6.50% | 6.64% |
| 12M | 6.56% | 6.73% |
| 18M | 6.62% | 6.86% |
| 2Y | 6.68% | 7.00% |
| 3Y | 6.81% | 7.24% |
| 4Y | 6.95% | 7.57% |
| 5Y | 7.09% | 7.91% |
| 6Y | 7.23% | 8.25% |
| 7Y | 7.36% | 8.57% |
| 8Y | 7.48% | 8.84% |
| 9Y | 7.59% | 9.05% |
| 10Y | 7.68% | 9.21% |
| 15Y | 7.99% | 9.37% |
| 20Y | 8.19% | 10.06% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 6.68% and the 10-year 7.68%, a 10Y−2Y spread of +100 bp — positively sloped — as of 2026-09-28. The chart and table below track how they have moved.
Fitted 2Y and 10Y yields and their spread, sampled one build date per month. See all inverted curves today →
| Tenor | Latest2026-09-28 | 1m ago2026-08-28 | 2m ago2026-07-30 | 3m ago2026-06-30 | 4m ago2026-06-01 | 5m ago2026-05-01 | 6m ago2026-04-01 |
|---|---|---|---|---|---|---|---|
| 2Y | 6.68% | 6.01% | — | 5.72% | 5.76% | 5.70% | 5.82% |
| 10Y | 7.68% | 7.16% | 7.47% | 7.02% | 7.34% | 7.30% | 7.58% |
| 10Y − 2Y | +100 bp | +116 bp | — | +130 bp | +158 bp | +160 bp | +176 bp |
Bonds in this curve
A selection of 30 of the 31 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Turkiye | 7.11% | 2026-10-09 | 4.88% | US900123CK49 |
| Turkiye | 5.05% | 2027-03-25 | 6.00% | US900123CL22 |
| Turkiye | 6.22% | 2027-09-24 | 8.60% | USM88269US88 |
| Turkiye | 6.47% | 2028-02-17 | 5.12% | US900123CP36 |
| Turkiye | 6.55% | 2028-10-24 | 6.12% | US900123CQ19 |
| Turkiye | 6.67% | 2029-03-14 | 9.38% | US900123DH01 |
| Turkiye | 6.73% | 2029-04-26 | 7.62% | US900123CT57 |
| Turkiye | 6.51% | 2030-01-15 | 11.88% | US900123AL40 |
| Turkiye | 6.92% | 2030-03-13 | 5.25% | US900123CY43 |
| Turkiye | 6.93% | 2030-07-13 | 9.12% | US900123DJ66 |
| Turkiye | 7.01% | 2031-01-15 | 5.95% | US900123DA57 |
| Turkiye | 7.09% | 2031-05-22 | 6.38% | US900123DV94 |
| Turkiye | 6.93% | 2031-06-26 | 5.88% | US900123DC14 |
| Turkiye | 7.27% | 2032-02-12 | 7.12% | US900123DP27 |
| Turkiye | 7.35% | 2032-05-29 | 7.25% | US900123DQ00 |
| Turkiye | 7.31% | 2032-07-17 | 7.12% | US900123DL13 |
| Turkiye | 7.41% | 2033-01-19 | 9.38% | US900123DG28 |
| Turkiye | 7.21% | 2033-09-20 | 6.50% | US900123DD96 |
| Turkiye | 7.27% | 2034-02-14 | 8.00% | US900123AT75 |
| Turkiye | 7.48% | 2034-05-15 | 7.62% | US900123DK30 |
| Turkiye | 7.60% | 2035-09-16 | 6.95% | US900123DR82 |
| Turkiye | 7.66% | 2036-03-17 | 6.88% | US900123AY60 |
| Turkiye | 7.69% | 2036-11-04 | 6.80% | US900123DS65 |
| Turkiye | 7.69% | 2038-01-14 | 6.88% | US900123DU12 |
| Turkiye | 7.42% | 2038-03-05 | 7.25% | US900123BB58 |
| Turkiye | 7.61% | 2040-05-30 | 6.75% | US900123BG46 |
| Turkiye | 7.99% | 2041-01-14 | 6.00% | US900123BJ84 |
| Turkiye | 8.07% | 2043-04-16 | 4.88% | US900123CB40 |
| Turkiye | 8.11% | 2045-02-17 | 6.62% | US900123CG37 |
| Turkiye | 8.22% | 2047-05-11 | 5.75% | US900123CM05 |