Scrutinizes the divergence among emerging markets and the widening of risk premiums in the high-yield bond group.

The speaker addresses the recent climb in the risk premium and its impact on borrowing costs.

The speaker examines the upward pressure of regional risks on Turkey's credit risk premium and its negative divergence from other emerging markets.

The speaker interprets the rise in Turkey's risk premium (CDS) and the impact of geopolitical war risk on economic vulnerabilities.

Discusses the effects of regional conflict risks on Turkey's risk premium and the current outlook at the 235 basis point level.

The trajectory of Turkey's risk premium (CDS) amid geopolitical tensions and expectations for medium-term retreat are examined.

The speaker analyzes the sharp decline in Turkey's 5-year CDS premium and the consistency of current levels with historical investment-grade rating periods.

The speaker analyzes that Turkey's risk premium (CDS) has eased following geopolitical developments and holds the potential to decline to the Emerging Markets average of 130-150 bps by the end of 2026.

The pullback in the risk premium and the implications of dropping to 215 levels on the market are evaluated.

The speaker analyzes the sharp drop in Turkey's risk premium (CDS) and the improving effect of the lowest levels seen since 2018 on market risk perception.

The speaker evaluates that Turkey's 5-year risk premium has stabilized at the 204 level and carries a potential for an additional 40-50 basis points improvement throughout 2026.