Government securities auctions of the Turkish Ministry of Treasury and Finance: yields and sale results of completed auctions, plus the issuance calendar for the next three months. Auction yields are the primary gauge of the state's borrowing cost and market rate expectations.
Latest Auction Results
The most recent auctions from official auction statistics published by the CBRT. The compound rate is the average annual yield formed at auction; for CPI-indexed securities the figure is the real (above-inflation) yield.
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Source: CBRT, statistics on Treasury Bills and Government Bonds Sold by Auction.
Upcoming Issuances
The three-month issuance calendar announced in the Treasury's monthly domestic borrowing strategy. Security type and issuance method are shown with the official (Turkish) naming from the source.
No upcoming issuances in the calendar; the new strategy announcement is usually published at the end of the month.
Source: Ministry of Treasury and Finance, monthly Domestic Borrowing Strategy announcements.
What Is a Treasury Auction?
The state sells bonds, bills and lease certificates by auction to finance the budget deficit and redemptions. Banks and institutional investors bid on yield; the average compound yield formed at auction is the state's borrowing cost for that maturity. Auction yields are a leading signal for secondary-market bond yields and the direction of deposit and loan rates.
How Is the Auction Calendar Set?
At the end of each month, the Ministry of Treasury and Finance announces a domestic borrowing strategy covering the next three months: which security (fixed-coupon, CPI- or TLREF-indexed, gold bond, lease certificate) will be issued on which day. The calendar tab is sourced from this official announcement and updates automatically when a new strategy is published.