Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Yemeni Armed Forces: The blockade on the Port of Haifa comes following the successful imposition of the siege on the Port of Umm al-Rashrash, which has since ceased operations
Yemeni Armed Forces: The Port of Haifa is now officially part of our target bank
Yemeni Armed Forces calls on companies with ships currently in the Port of Haifa or en route to it to take into account the contents of the statement and any forthcoming announcements
Yemeni Armed Forces: The imposition of a blockade on the Port of Haifa comes in response to the enemy’s escalation of its brutal aggression against Gaza and the continued siege and starvation
Yemeni Armed Forces: Our decisions and operations against the occupying entity will not cease until the aggression on Gaza ends and the blockade on it is lifted
Yemeni Armed Forces: We have decided to begin enforcing a naval blockade on the Port of Haifa, which is now among our list of designated targets
The Israeli occupation has released the child Mohammad, the son of martyr Ahmad Sarhan, whom it abducted earlier today from Khan Younis in the southern Gaza Strip, but his mother remains in detention
UK, France, and Canada in a joint statement: The Israeli Government’s denial of essential humanitarian assistance to the civilian population is unacceptable and risks breaching International Humanitarian Law
Leaders of UK, France, and Canada warn that their countries would take action if "Israel" does not stop a renewed military offensive in Gaza and lift aid restrictions
Putin says Trump in conversation expressed his position on cessation of hostilities in Ukraine

Türkiye bonds rally as investors look past political turmoil

  • By Al Mayadeen English
  • Source: Agencies
  • 25 Mar 2025 16:14
3 Min Read

Despite concerns that political tensions could disrupt economic strategy, Erdogan's administration has taken steps to reaffirm its commitment to fiscal and monetary orthodoxy.

Listen
  • x
  • AP
    Anti riot police officers take positions during a protest after Istanbul's Mayor Ekrem Imamoglu was arrested and sent to prison, in Istanbul, Türkiye, Monday, March 24, 2025 (AP Photo/Khalil Hamra)

Türkiye's financial markets appear to be regaining investor confidence even as the country faces fresh political turmoil. Following the arrest of Istanbul Mayor Ekrem Imamoglu, a prominent opposition figure and potential challenger to President Recep Tayyip Erdogan, Turkish assets initially took a hit. However, according to a Bloomberg report, markets have since bounced back, buoyed by signals that economic policy will remain on its current path.

Dollar-denominated sovereign bonds have outperformed those of other emerging markets, with at least 17 Turkish securities landing among the top 20 in Bloomberg's Emerging Markets Sovereign Total Return Index. One bond maturing in May 2047 climbed by 0.6 cent on the dollar. Meanwhile, Türkiye's credit default swaps narrowed by 17 basis points, the sharpest single-day contraction since March 2024, Bloomberg reported.

Reassuring Investors 

Related News

Trump to hold phone calls with Putin, Zelensky amid ceasefire push

Turkiye calls on PKK to hand over arms, urges stability

Despite concerns that political tensions could disrupt economic strategy, Erdogan's administration has taken steps to reaffirm its commitment to fiscal and monetary orthodoxy. The president publicly backed the economic team led by Finance Minister Mehmet Simsek, dismissing rumors of Simsek's possible resignation. "The main question is whether the political noise will derail or not the economic agenda and all the orthodox policies put in place since late 2023," said Guillaume Tresca, global EM strategist at Generali Investments. "President Erdogan has been clear it will remain in place and rumours of Simsek's resignation have been dismissed."

The central bank's actions to stabilize the Turkish lira — which is hovering around 38 to the dollar — have been interpreted as further evidence that authorities intend to stick with more conventional policy tools. "This time, the approach is much different. It's coherent so far with orthodoxy," Tresca told Bloomberg, comparing the recent interventions to the more passive response during the 2018 currency crisis.

Read more: Turkish stocks rebound amid Imamoglu’s arrest, short-selling ban

For global investors, the key issue is whether public demonstrations sparked by Imamoglu's arrest begin to affect Türkiye's economic performance. "What foreign investors care about from an economic perspective is at what point do the protests start to hurt economic activity and growth," said Martin Bercetche of Frontier Road, also speaking to Bloomberg.

Growing Lender Confidence

Adding another layer of confidence, Türkiye's Wealth Fund (TVF) announced on Tuesday that it has secured a syndicated loan totaling €1.1 billion ($1.19 billion) — its first without a treasury guarantee. The loan, arranged with participation from 20 banks across 12 countries, includes a €837 million tranche and a $285 million tranche, according to a statement. The euro portion is priced at 2% above the Euribor rate annually, while the dollar portion will pay 2.25% over SOFR.

Together, these developments suggest that investors are willing to look past short-term political instability, focusing instead on whether the government continues to uphold the market-oriented reforms introduced since late 2023. 

  • Turkey
  • Ekrem Imamoglu
  • Turkish Economy
  • Turkish lira
  • Turkey protests

Most Read

Gaza and the logic of necropolitics: Sovereignty measured by killing

Gaza and the logic of necropolitics: Sovereignty measured by killing

  • Politics
  • 15 May 2025
Two F-35 jets arrive at it's new operational base Wednesday, Sept. 2, 2015, at Hill Air Force Base, in northern Utah. (AP)

F-35 near-misses over Yemen signal new risks for 'Israel': Forbes

  • Politics
  • 14 May 2025
Abu Obaida

Abu Obeida posts shortly after Israeli reports about his assassination

  • Palestine
  • 15 May 2025
YAF say struck 'Israel's' Ben-Gurion Airport with missiles, drones

YAF say struck 'Israel's' Ben Gurion Airport with missiles, drones

  • MENA
  • 18 May 2025

Coverage

All
Gaza prevails against genocide

Read Next

All
Britain's Prime Minister Keir Starmer (right) poses with European Commission President Ursula von der Leyen at the UK-EU Summit at Lancaster House in London on May 19, 2025. (Pool/AFP)
US & Canada

UK, EU reset post-Brexit relations with defense and trade pact

Vice President JD Vance, right, and his wife Usha attend Pope Leo XIV's formal inauguration of his pontificate in St. Peter's Square, at the Vatican, May 18, 2025 (Alessandra Tarantino/AP)
US & Canada

Axios: Vance scraps 'Israel' visit over new operation in Gaza

''Israel' resumed Gaza aid', says Netanyahu amid full invasion calls
Politics

Netanyahu: We are going to take over all of Gaza

Telegram co-founder Pavel Durov, center, after a meeting, Jakarta, Indonesia on August 1, 2017 (AP Photo/Tatan Syuflana)
Europe

Telegram’s Durov says France sought to censor Romanian conservatives

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS