Page 30 - Turkey Outlook 2025
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Five-year credit default swaps (CDS) remain below the 300-level. The course of the CDS does not indicate there is much space in the downward direction.
For trade purposes, a jump in the CDS during the next market stress (possibly the end of new-year rally shake-up through the end of February) could be followed up.
The CDS has been moving in a range between 250 and 300.
30 Turkey Outlook 2025 www.intellinews.com
