Market overview · 2026-09-04

Activity firmed; TLREF steady; curve deeply inverted.#

Total BIST ttb traded value printed at ₺1.47T, 2.5% above the 5-day average. TLREF closed at 36.93%, ticked up 1.7 bp on the day. The most active individual security was Hazine / Turkish Treasury (TRD080927T34), with ₺21.53B traded.

CBRT Policy Rate

37.00%

0.00 pp 1d

TLREF Overnight

36.93%

+0.02 pp 1d

TRY 2Y

39.04%

-0.08 pp 1d

TRY 9Y

34.20%

-0.06 pp 1d

Curve Slope

-484 bps

+1 bps 1d

Total Traded Value

₺1.47T

vs 5-day avg: +2.5%

Number of Deals

8,677

vs previous day: -4.6%

Daily Total Traded Value#

Source: BIST ttb TRADED VALUE; excludes CROSS AND NON-CLEARED TRADED VALUE and TRADE REPORT TRADED VALUE.

₺1.47TLatest · 2026-09-04

₺1.44T5-day average

₺1.45T20-day average

+2.5%vs 5-day average

+1.5%vs 20-day average

249trading days available in chart

Market Activity by Segment#

Latest session, ranked by traded value · 2026-09-04

Data table with 7 rows across 3 columns
Market	Traded Value	Share
BAP REPO-T. REPO NORMAL (GCREPO)	₺1.22T	83.0%
BAP PARA SWAP PAZARI (FX SWAP)	₺114.22B	7.7%
BAP TAAHHUTLU ISLEM PAZARI (CTM)	₺112.86B	7.7%
BAP KES NORMAL EMIRLER PZ (OPSN)	₺23.02B	1.6%
BAP MK TERCIHLI REPO (SPCL REPO)	₺220.00M	0.0%
BAP REPO-T. REPO KUCUK (GCREPS )	₺2.79M	0.0%
BAP KES KUCUK EMIRLER PZR (OPSS)	₺436,243	0.0%

Activity Including Cross / Non-cleared Trades#

Order-book plus cross/non-cleared value, ranked by combined value · 2026-09-04

Latest BIST market activity by segment, including order-book and cross/non-cleared traded value
Market	Combined Value	Share
BAP REPO-T. REPO NORMAL (GCREPO)	₺1.40T	73.5%
BAP PAY REPO PAZARI (EQUITYREPO)	₺130.13B	6.8%
BAP PARA PIYASASI	₺114.78B	6.0%
BAP PARA SWAP PAZARI (FX SWAP)	₺114.22B	6.0%
BAP TAAHHUTLU ISLEM PAZARI (CTM)	₺112.86B	5.9%
BAP KES NORMAL EMIRLER PZ (OPSN)	₺28.94B	1.5%
BAP MK TERCIHLI REPO (SPCL REPO)	₺4.82B	0.3%
BAP REPO-T. REPO KUCUK (GCREPS )	₺94.52M	0.0%
BAP KES KUCUK EMIRLER PZR (OPSS)	₺913,598	0.0%

Source: BIST ttb TRADED VALUE plus CROSS AND NON-CLEARED TRADED VALUE; TRADE REPORT TRADED VALUE remains excluded.

Open Market Pulse →

Current TRY Treasury Curve#

Latest nominal trades · 2026-09-04

Current session only

Observed nominal trades only 14 maturities · 124d–9.0y

Open full Curves analysis →

Methodology & definitions

Source: BIST ttb TRADED VALUE; excludes CROSS AND NON-CLEARED TRADED VALUE and TRADE REPORT TRADED VALUE. TLREF is the BIST TL Reference Rate. Treasury yields are compound annualized. Curve slope is the long-end yield less the 2-year yield, in basis points.