Government bond yields are the global risk-free rate benchmark. On this page you can track Türkiye indicators (TLREF, foreign flows in government bonds, domestic debt stock), every maturity of the US Treasury yield curve, the yield-curve spreads watched as recession signals, and the Euro Area 10-year bond yield, updated daily.
Türkiye Bond and Government Securities Indicators
Three core indicators of the Turkish bond market from CBRT EVDS data: the BIST TLREF overnight reference rate (daily), non-residents' government securities portfolio with weekly net purchases/sales, and the Treasury's domestic debt stock (monthly).
TLREF Overnight Reference Rate%39.99June 12, 2026
Non-Resident Government Bond Holdings14.24 billion $June 5, 2026-0.18 billion $
A positive value means foreign investors were net BUYERS of bonds that week; a negative value means net SELLERS. It is a high-frequency gauge of global risk appetite for Turkish lira assets.
Source: CBRT EVDS — BIST TLREF, non-resident securities statistics and Ministry of Treasury and Finance domestic debt stock.
US Treasuries and the Yield Curve
US Treasury yields across every maturity from 1 month to 30 years, the 10Y-2Y and 10Y-3M yield-curve spreads, and the 10-year inflation expectation derived from the bond market. Data comes from the Fed H.15 release and updates daily; click a card to open its detail page with a historical chart.
The 10-year spot yield derived from AAA-rated Euro Area government bonds, from the European Central Bank's yield curve statistics. It is Europe's long-term risk-free rate benchmark and updates daily.
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Source: European Central Bank (ECB), yield curve statistics.
A bond is a fixed-income security issued by a government or company to borrow money; its yield is the annual return an investor earns by buying the bond at today's price and holding it to maturity. Price and yield move in opposite directions: when a bond's price falls, its yield rises. Because US Treasuries form the world's most liquid debt market, their yields influence pricing across all markets, from dollar assets to gold and emerging-market currencies.
What Does an Inverted Yield Curve Mean?
Normally a long-term bond yields more than a short-term one, because investors demand compensation for locking up money longer. When short-term yields exceed long-term yields, the curve 'inverts' (the 10Y-2Y or 10Y-3M spread turns negative). Historically this shows the market expects rate cuts and an economic slowdown ahead, and it has preceded most US recessions. It is not a definitive signal on its own and should be read alongside other macro data.