Market overview · 2026-09-18
Activity softened; TLREF lower; curve deeply inverted.#
TRY order-book traded value printed at ₺1.28T, 7.7% below the 5-day average. TLREF closed at 36.52%, drifted down 33.2 bp on the day. The 2s9s curve slope steepened 13 bps to -462 bps. The most active TRY outright bond was Hazine / Turkish Treasury (TRT150328T24), with ₺3.58B traded.
On this page · 4 sections
Daily TRY Order-book Value#
Includes exchange funding markets. See all currencies, channels and historical source exceptions · Explore OTC activity
TRY order book · bonds and funding markets · daily close · All currencies & channels
Market Activity by Segment#
Latest session, ranked by traded value · 2026-09-18
| Market | Traded Value | Share |
|---|---|---|
| BAP REPO-T. REPO NORMAL (GCREPO) | ₺1.04T | 81.2% |
| BAP PARA SWAP PAZARI (FX SWAP) | ₺124.39B | 9.7% |
| BAP TAAHHUTLU ISLEM PAZARI (CTM) | ₺99.20B | 7.8% |
| BAP KES NORMAL EMIRLER PZ (OPSN) | ₺15.96B | 1.2% |
| BAP REPO-T. REPO KUCUK (GCREPS ) | ₺7.66M | 0.0% |
| BAP KES KUCUK EMIRLER PZR (OPSS) | ₺2.85M | 0.0% |
Activity Including Cross / Non-cleared Trades#
Order-book plus cross/non-cleared value, ranked by combined value · 2026-09-18
| Market | Combined Value | Share |
|---|---|---|
| BAP REPO-T. REPO NORMAL (GCREPO) | ₺1.23T | 81.9% |
| BAP PARA SWAP PAZARI (FX SWAP) | ₺124.39B | 8.3% |
| BAP TAAHHUTLU ISLEM PAZARI (CTM) | ₺99.20B | 6.6% |
| BAP KES NORMAL EMIRLER PZ (OPSN) | ₺24.44B | 1.6% |
| BAP PARA PIYASASI | ₺11.04B | 0.7% |
| BAP PAY REPO PAZARI (EQUITYREPO) | ₺10.18B | 0.7% |
| BAP MK TERCIHLI REPO (SPCL REPO) | ₺1.21B | 0.1% |
| BAP REPO-T. REPO KUCUK (GCREPS ) | ₺89.89M | 0.0% |
| BAP KES KUCUK EMIRLER PZR (OPSS) | ₺2.85M | 0.0% |
TRY only · Source: BIST ttb TRADED VALUE plus CROSS AND NON-CLEARED TRADED VALUE; TRADE REPORT TRADED VALUE remains excluded.
Current TRY Treasury Curve#
Latest nominal trades · 2026-09-18
Methodology & definitions
TRY only · Source: BIST ttb TRADED VALUE; excludes CROSS AND NON-CLEARED TRADED VALUE and TRADE REPORT TRADED VALUE. TLREF is the BIST TL Reference Rate. Treasury yields are compound annualized. Curve slope is the long-end yield less the 2-year yield, in basis points.