Turkey Senior Unsecured Corporate Bond Yields (USD)
Fitted spot curve as of 2026-09-10
https://bondscovery.com/yield-curve/usd-corporate-senior-unsecured-turkey
Turkey Senior Unsecured Corporate Bond Yields (USD) as of 2026-09-10: 10Y at 8.49%, fitted curve 1M–10Y (6.32%–8.49%), 35 bonds. Live chart, constituents and forward rates on bondScovery.
| Maturity | Fitted yield | Forward rate |
|---|---|---|
| 1M | 6.32% | — |
| 6M | 6.36% | 6.49% |
| 18M | 6.53% | 6.73% |
| 2Y | 6.64% | 7.10% |
| 3Y | 6.86% | 7.50% |
| 4Y | 7.10% | 8.08% |
| 5Y | 7.34% | 8.71% |
| 6Y | 7.59% | 9.37% |
| 9Y | 8.28% | 10.69% |
| 10Y | 8.49% | 11.88% |
2Y, 10Y and the 10Y−2Y spread over time
The 2-year yield is 6.64% and the 10-year 8.49%, a 10Y−2Y spread of +185 bp — positively sloped — as of 2026-09-10. 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 | Latest2026-09-10 | 1m ago2026-08-11 | 2m ago2026-07-13 | 3m ago2026-06-12 | 4m ago2026-05-13 | 5m ago2026-04-13 | 6m ago2026-03-20 |
|---|---|---|---|---|---|---|---|
| 2Y | 6.64% | 6.45% | 6.22% | 6.27% | 5.97% | 6.30% | 6.14% |
| 10Y | 8.49% | — | — | 7.79% | 7.59% | — | — |
| 10Y − 2Y | +185 bp | — | — | +152 bp | +162 bp | — | — |
Bonds in this curve
A selection of 30 of the 49 bonds behind this curve, spread across maturities.
| Issuer | Yield | Maturity | Coupon | ISIN |
|---|---|---|---|---|
| Turkiye Vakiflar Bankasi TAO | 13.29% | 2026-10-01 | 5.50% | XS2386558113 |
| Turkiye Ihracat Kredi Bankasi AS | 6.32% | 2027-01-28 | 9.00% | XS2692231975 |
| Hazine Mustesarligi Varlik Kiralama Anonim Sirketi | 6.40% | 2027-02-24 | 7.25% | US421790AH94 |
| Turkiye Ihracat Kredi Bankasi AS | 6.62% | 2028-02-06 | 7.50% | XS2750476603 |
| Turkcell Iletisim Hizmetleri A.S. | 6.02% | 2028-04-11 | 5.80% | XS1803215869 |
| Turkiye Ihracat Kredi Bankasi AS | 6.70% | 2028-07-03 | 6.88% | XS3034601446 |
| Arcelik AS | 7.15% | 2028-09-25 | 8.50% | XS2695038401 |
| Turkiye Vakiflar Bankasi TAO | 6.48% | 2028-10-12 | 9.00% | US90015WAM55 |
| Turkiye Vakiflar Bankasi TAO | 6.47% | 2028-10-12 | 9.00% | XS2677517497 |
| Yapi VE Kredi Bankasi AS | 6.48% | 2028-10-16 | 9.25% | XS2445343689 |
| Turkiye Sinai Kalkinma Bankasi A.S. | 6.36% | 2028-10-19 | 9.38% | XS2678232781 |
| Hazine Mustesarligi Varlik Kiralama Anonim Sirketi | 6.56% | 2029-01-14 | 8.51% | US421790AK24 |
| Turkiye Cumhuriyeti Ziraat Bankasi AS | 6.82% | 2029-01-16 | 8.00% | XS2741927805 |
| Turkiye Ihracat Kredi Bankasi AS | 6.95% | 2029-05-02 | 6.12% | XS3357256208 |
| Turk Telekomunikasyon AS | 6.95% | 2029-05-20 | 7.38% | XS2820499619 |
| QNB Bank AS | 6.67% | 2029-05-21 | 7.25% | XS2798098310 |
| Turkiye IS Bankasi A.S. | 6.72% | 2029-06-12 | 7.75% | XS2654059752 |
| Eregli Demir VE Celik Fabrikalari Turk Anonim Sirketi | 7.35% | 2029-07-23 | 8.38% | US29482KAA97 |
| Limak Cimento Sanayi VE Ticaret Anonim Sirketi | 9.73% | 2029-07-25 | 9.75% | XS2862382541 |
| Turkiye Sinai Kalkinma Bankasi A.S. | 7.14% | 2029-10-17 | 7.12% | XS2919891361 |
| Turkiye Sinai Kalkinma Bankasi A.S. | 7.14% | 2030-07-02 | 7.38% | US90015YAH27 |
| Turkiye Vakiflar Bankasi TAO | 7.12% | 2030-07-31 | 7.25% | US90015WAR43 |
| Turkiye Ihracat Kredi Bankasi AS | 7.25% | 2030-10-03 | 6.38% | XS3183303018 |
| Turk Telekomunikasyon AS | 6.86% | 2030-10-30 | 6.50% | US898916AA99 |
| QNB Bank AS | 6.95% | 2031-02-11 | 5.88% | XS3278734317 |
| Ulker Biskuvi Sanayi AS | 7.58% | 2031-07-08 | 7.88% | XS2855391533 |
| Turkcell Iletisim Hizmetleri A.S. | 6.96% | 2032-01-24 | 7.65% | US900111AD77 |
| Turk Telekomunikasyon AS | 7.37% | 2032-10-07 | 6.95% | XS3194824747 |
| Akbank TAS | 7.83% | 2035-09-04 | 7.88% | US00971YAM21 |
| Limak Iskenderun Uluslararasi Liman Isletmeciligi A S | 9.18% | 2036-07-10 | 9.50% | US53263TAA51 |