Turkey 10-Year Bond Yield

Turkey 10-Year Bond Yield closed up by 3.31% to 17.48 on 23 January 2021 and +1.45% on a weekly basis. Turkey 10-Year Bond Yield momentum was last calculated at +0.0/100 indicating positive momentum. Turkey 10-Year Bond Yield trend is +0.0/100 indicating a positive trend. Turkey 10-Year Bond Yield momentum exhaustion is 0.07764 indicating Turkey 10-Year Bond Yield is oversold.Turkey 10-Year Bond Yield RSI is 47.7379 .

Turkey 10-Year Bond Yield Chart

Turkey 10-Year Bond Yield

Turkey 10-Year Bond Yield Statistics

MacroVar multi-factor statistical models monitor financial factors which are used to analyze and predict the Turkey 10-Year Bond Yield. Click here to explore the financial factors monitored and their current signals.

Click here to explore the methodology used for estimating the Turkey 10-Year Bond Yield trading signals presented in the Turkey 10-Year Bond Yield statistics table.

SecuritySymbolLastMomentumTrendOscillatorRSI1D%1W%1M%1Y%
Turkey 10-Year Bond YieldTR.10Y17.48000.0776447.73793.311.451.390.0425

Turkey 10-Year Bond Yield closed at 17.48 on 23 January 2021. Turkey 10-Year Bond Yield trend was last calculated at +0.0/100 (range: -100 to +100) indicating a positive trend based on MacroVar models. Turkey 10-Year Bond Yield momentum was last calculated at +0.0/100 (range: -100 to +100) indicating positive momentum. Turkey 10-Year Bond Yield momentum exhaustion is 0.07764 (normal range: -2.5 to +2.5, overbought values: greater than 2.5, oversold values: less than 2.5) indicating Turkey 10-Year Bond Yield is oversold and a possible reversal is imminent. Turkey 10-Year Bond Yield RSI was last calculated at 47.7379. Turkey 10-Year Bond Yield moving averages were last recorded as follows: 1-month moving average: 12.655 in an uptrend , 1-quarter moving average: 12.8075 in a downtrend and 1-year moving average: 12.4312 in an uptrend. Turkey 10-Year Bond Yield annual return was last recorded at None%, daily return was last recorded at 3.31%, and weekly return was last recorded at 1.45%. Turkey 10-Year Bond Yield histrorical 20-day volatility was last recorded at 15.5308%, Turkey 10-Year Bond Yield alpha None, Turkey 10-Year Bond Yield beta None and Turkey 10-Year Bond Yield maximum drawdown was recorded at None%. MacroVar models monitor Turkey 10-Year Bond Yield statistics based on historical data since 1970.

Turkey 10-Year Bond Yield News

Turkey 10-Year Bond Yield Factors

Turkey 10-Year Bond Yield

FactorSymbolLast ValuePredicted ValueR2MacroVar Signal
Turkey PMI vs 10YTR.FACT.10YPMI14.1852.3506-0.0292802
Turkey ESI vs 10YTR.FACT.10YESI14.1899.04130.0588217
Turkey 10Y vs FXTR.FACT.FX10Y12.5120.9440.335

Turkey Markets

MarketSymbolLastMomTrendExhRSI1D%1W%1M%1Y%
BIST 100BIST1351.5910.5-0.9809478.9154-1.94-2.84-1.86-0.98635
Turkey ETFTUR21.25111.5527578.7173-0.33-3.32-7.120.01813
Turkish Lira US Dollar (TRY/USD)TRYUSD8.56-0.5-0.250.5713531.467-0.37-0.944.40.26607
Turkey 10-Year Bond YieldTR.10Y17.48000.0776447.73793.311.451.390.0425
Turkey 5-Year Bond YieldTR.5Y17.610.50.250.459245.5742-0.84-2.76-0.170.0493
Turkey 2-year bond yieldTR.2Y18.69111.6764966.72315.32.981.580.24743
Turkey Yield CurveTR.YC-1.881-1-2.0468136.0992113.642250469.7-5.90476
Turkey Credit Default SwapsCDS.Turkey381.25-1-0.75-1.3822823.7593-1.23-0.2-11.180.12721

Turkey Economic Indicators

IndicatorActualPreviousM/M%Y/Y%TrendSlopeZS5YUpdate
balance of trade-4652.81-3331.550.39659-0.14918-1.01.00.3166672021-03-31
banks balance sheet645911000060975000000.05930460.3351281.01.00.852021-03-31
building permits81245439790.8473591.41041.01.00.9333332021-03-31
business confidence113110.30.02447870.2203021.01.00.9666672021-06-30
capacity utilization76.675.30.01726430.1606061.01.00.9666672021-06-30
capital flows-1772-7881.24873-0.8147411.01.00.4333332021-03-31
car registrations76877102461-0.2496950.476133-1.01.00.8333332021-05-31
cash reserve ratio19170.1176470.1176471.01.00.852020-09-30
central bank balance sheet143414000014070800000.01923130.3773651.01.00.8166672021-06-30
consumer confidence79.581.7-0.0269278-0.0340219-1.0-1.00.3833332021-07-31
consumer price index cpi547.48537.050.01942090.1752531.01.00.8333332021-06-30
core inflation rate17.4816.990.02884050.5017181.01.00.6833332021-06-30
current account-3081-17340.776817-0.22975-1.01.00.452021-05-31
current account to gdp-5.10.9-6.666670-1.0-1.002020-01-31
deposit interest rate17.515.50.1290321.592591.01.00.92021-02-28
exports16497.518768-0.1209770.6567851.01.00.9833332021-05-31
external debt448393450048-0.00367739-0.0391381.0-1.00.03333332021-01-01
fiscal expenditure113.38117.94-0.03866370.3238741.01.00.852021-06-30
foreign exchange reserves62583596190.04971570.2595951.01.00.9833332021-07-09
gdp720.1761.43-0.0542794-0.0653635-1.0-1.002020-01-31
Real GDP434359000512715000-0.1528260.0971626-1.01.00.2333332021-03-31
gdp growth1.715.9-0.893082-0.260871.0-1.00.6666672020-10-01
gdp growth annual75.90.186441-0.06666671.0-1.00.652021-01-01
gold reserves544.15561.03-0.03008751.693811.01.00.92020-06-01
government budget-3.4-2.90.1724140.888889-1.0-1.002020-01-31
Government budget-25.03-13.370.8721020.292191-1.0-1.00.552021-06-30
government debt200143019495200.02662710.2253151.01.00.5666672021-05-31
government debt to gdp39.532.60.2116560.03674541.01.002020-01-31
government revenues88.35104.57-0.1551110.333136-1.01.00.852021-06-30
housing index175.4168.80.03909950.2925571.01.00.8833332021-05-31
housing starts1314580690.6290741.914631.01.00.952021-03-31
imports23636.819308.10.2241910.2557941.01.00.952021-03-31
industrial production40.766.3-0.386124-3.164891.01.00.1166672021-05-31
industrial production mom1.3-0.8-2.625-0.930481-1.0-1.00.62021-05-31
inflation cpi17.5316.590.05666060.3890651.01.00.6166672021-06-30
interbank rate19.4819.48001.0-1.00.3666672021-06-02
interest rate171701.060611.01.00.82021-05-06
lending rate20.520.501.102561.01.00.8666672021-05-31
loans to private sector184792000018250700000.01252010.1592171.01.00.3833332021-05-31
long term unemployment rate3.53.30.06060610.5217391.01.002020-10-01
manufacturing pmi51.349.30.040568-0.0482375-1.0-1.00.2833332021-06-30
money supply m1137496000013276400000.03564220.2482161.01.00.5333332021-06-30
money supply m2377810000036666900000.03038440.2540951.01.00.72021-06-30
money supply m3388959000037726100000.03100770.2362461.01.00.6666672021-06-30
new home sales1820429212-0.3768310.0797153-1.01.00.7166672021-05-31
Producer Price Index693.54666.790.04011760.4288891.01.00.9666672021-06-30
PPI Index42.8938.330.1189675.951381.01.00.9666672021-06-30
retail sales MoM5.13.60.416667-1.728571.01.00.2833332021-03-31
retail sales2742.5-0.364706-2.534091.01.00.1833332021-05-31
total vehicle sales79819547340.4583070.1246391.01.00.6666672021-06-30
unemployment rate13.213.8-0.0434783-0.02222221.0-1.00.3333332021-05-31
youth unemployment rate2525.7-0.02723740.0869565-1.01.00.62021-03-31
foreign direct investment87361-75.9-66.79DownDown1.672021-01-12
Construction sector-13.6-18.2-0.252747-0.687356-1.01.00.152021-04-01
Consumer sector-19.4-140.385714-0.167382-1.01.00.3166672021-04-01
Manufacturing sector9.341.325-1.315251.01.00.4166672021-04-01
Retail sector8.36.30.31746-1.60584-1.01.00.052021-04-01
Services sector18.97.61.48684-1.726921.01.00.06666672021-04-01
ESI - Economic Composite99.793.20.06974250.8811321.01.012021-04-01

Turkey 10-Year Bond Yield Trading Signals


MacroVar estimates the following signals: Turkey 10-Year Bond Yield momentum, Turkey 10-Year Bond Yield trend, Turkey 10-Year Bond Yield oscillator, Turkey 10-Year Bond Yield RSI and Turkey 10-Year Bond Yield returns.

Turkey 10-Year Bond Yield Momentum

Momentum trading is used to capture moves in shorter timeframes than trends. Momentum is the relative change occurring in markets. Relative change is different to a trend. A long-term trend can be up but the short-term momentum of a specific market can be 0. If a market moves down and then moves up and then moves back down the net relative change in price is 0. That means momentum is 0. A short-term positive momentum, with a long-term downtrend results in markets with no momentum.

MacroVarTurkey 10-Year Bond Yield momentum signal ranges from -100 to +100. The Turkey 10-Year Bond Yield momentum signal is derived as the mean value from 4 calculations for the Turkey 10-Year Bond Yield. The timeframes monitored are the following: 1 Day (1 trading day), 1 Week (5 trading days), 1 Month (20 trading days), 3 Months (60 trading days)
For each timeframe, the following calculations are performed: 1. Turkey 10-Year Bond Yield return is calculated for the specific timeframe and 2. if the return calculated is higher than 0, signal value output is 1 else signal value is -1. Turkey 10-Year Bond Yield momentum signal is the aggregate of the the 4 values. A technical momentum rollover is identified when Turkey 10-Year Bond Yield momentum signal moves from positive to negative value or vice-versa.

Turkey 10-Year Bond Yield trend

Turkey 10-Year Bond Yield trend signal ranges from -100 to +100. Turkey 10-Year Bond Yield trend indicator is the mean value of the 8 calculations described below. The timeframes monitored are the following: 1-month (20 trading days), 3-months (60 trading days), 6-months (125 trading days), 1-year (250 trading days)
For each timeframe, the following calculations are performed: 1. Turkey 10-Year Bond Yield Closing price vs Turkey 10-Year Bond Yield moving average (MA) calculation: If Turkey 10-Year Bond Yield is greater than Turkey 10-Year Bond Yield MA value is +1, else -1, 2. Turkey 10-Year Bond Yield Moving average slope calculation: if current Turkey 10-Year Bond Yield moving average is higher than the previous MA, Turkey 10-Year Bond Yield upward slope +1, else -1
Turkey 10-Year Bond Yield trend model can be used as a trend strength indicator. Turkey 10-Year Bond Yield trend strength values ranging between +75 and +100 or -75 and -100 show strong trend strength.
A technical trend rollover is identified when Turkey 10-Year Bond Yield trend strength indicator moves from positive to negative value or vice-versa.

The most important trend indicator
The Turkey 10-Year Bond Yield 52-week simple moving average and its slope are the most important indicators defining a market’s trend. Turkey 10-Year Bond Yield is in an uptrend when Turkey 10-Year Bond Yield price is higher than the 52-week moving average and the Turkey 10-Year Bond Yield 52-week moving average has an upward slope. If fundamentals of the market have not changed and the moving average slope is still in uptrend, a price drop signifies a market correction and not a change of trend. Traders should watch oscillators like the Turkey 10-Year Bond Yield oscillator and Turkey 10-Year Bond Yield RSI to buy the dip and still follow the trend. The moving average slope turn signifies a change of trend.

Turkey 10-Year Bond Yield oscillator

The Turkey 10-Year Bond Yield oscillator estimated by MacroVar is the z-score of the current Turkey 10-Year Bond Yield price versus Turkey 10-Year Bond Yield 1-year simple moving average price. The formula for the Turkey 10-Year Bond Yield oscillator is:
Turkey 10-Year Bond Yield oscillator = (Current Price – 250 trading days Turkey 10-Year Bond Yield simple moving average price) / (250 days Turkey 10-Year Bond Yield price standard deviation)

Turkey 10-Year Bond Yield oversold conditions
Turkey 10-Year Bond Yield is oversold when it is subject to a persistent downward pressure due to extreme fund outflows. When the Turkey 10-Year Bond Yield is oversold it is often due for a rebound. Values of the Turkey 10-Year Bond Yield oscillator lower than -2.5 signify oversold conditions. It must be noted that the Turkey 10-Year Bond Yield oscillator must be analyzed ibn conjunction with the rest of Turkey 10-Year Bond Yield quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the Turkey 10-Year Bond Yield RSI.
Turkey 10-Year Bond Yield overbought conditions
Turkey 10-Year Bond Yield is overbought when it is subject to a persistent upward pressure due to extreme fund inflows. When the Turkey 10-Year Bond Yield is overbought it is often due for a correction. Values of the Turkey 10-Year Bond Yield oscillator higher than +2.5 signify overbought conditions. It must be noted that the MacroVar oscillator must be compared to the rest of the Turkey 10-Year Bond Yield quantitative factors. Traders should pay less attention to overbought or oversold conditions during strong trends. They should pay close attention during counter trends and all combined with the RSI.

Turkey 10-Year Bond Yield RSI indicator

The RSI indicator measures the speed and change of price movements. The RSI indicator oscillates between 0 and 100. RSI is a useful indicator during normal trending market conditions when an asset price oscillates around its trend value. During big moves and strong trends however, like short squeezes or price spikes RSI and other oscillators don’t work.
During normal trend market conditions and when Turkey 10-Year Bond Yield is in a downtrend RSI values between 50-60 signify overbought conditions before the downtrend is ready to resume. During Turkey 10-Year Bond Yield uptrend, RSI values of 40 to 50 signify oversold conditions before the uptrend is ready to resume. It is strongly not recommended to enter a position when the RSI is “overbought” and falling or vice versa.

Turkey 10-Year Bond Yield returns

MacroVar calculates Turkey 10-Year Bond Yield returns for the following timeframes: Daily, Weekly, Monthly, Yearly. The formula for calculating returns is:

Turkey 10-Year Bond Yield returns = (Turkey 10-Year Bond Yield Closing Price – Turkey 10-Year Bond Yield Previous Price)/(Turkey 10-Year Bond Yield Previous Price)
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