Weekly Bulletin - May 15, 2026
Oğulcan Delil
ogulcan.delil@isbank.com.tr| Market Indicators | 5-May | 12-May | Weekly Change |
|---|---|---|---|
| BIST-100 Index | 14,496 | 14,780 | 2.0% up |
| TRY 2 Year Benchmark Rate | 41.22% | 42.06% | 84 bp up |
| Türkiye 5-Year CDS Premium | 243 | 231 | 11 bp down |
| MSCI EM Equity Index | 1,648 | 1,699 | 3.1% up |
| US 10-Year Bond Rate | 4.42% | 4.46% | 5 bp up |
| EUR/USD | 1.1692 | 1.1737 | 0.4% up |
| USD/TRY | 45.2123 | 45.3791 | 0.4% up |
| EUR/TRY | 52.8118 | 53.2802 | 0.9% up |
| Gold (USD/ounce) | 4,556 | 4,714 | 3.5% up |
| Brent Oil (USD/barrel) | 109.9 | 107.8 | 1.9% down |
The CBRT revised up its interim inflation targets in its second Inflation Report of the year. The Survey of Market Participants released today indicated that the deterioration in inflation expectations continued. The current account deficit stood at 9.7 billion USD in March, while the central government budget deficit amounted to 338.7 billion TRY in April. On the global front, developments regarding the ceasefire process and the Trump–Xi meeting were closely monitored, while April data in the U.S. pointed to strengthening inflationary pressures. In the Euro Area, first-quarter growth figures indicated that the regional economy lost momentum. Next week, domestic confidence indices and preliminary May PMI data for the US and the Euro Area will stand out on the data agenda.
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