# Türkiye 2-Year Government Bond Yield

Yields computed by Lzzo.com from the daily indicative prices of fixed-coupon Turkish lira government bonds published by the Central Bank of the Republic of Türkiye: for each maturity, the yield of one bond. Not an official benchmark rate.

| Fact | Value |
|---|---|
| Latest value | 39.95% |
| Date | 28 Oct 2026 |
| 1 day | +5 bp |
| Source | evds3.tcmb.gov.tr |
| 1-year range | Low 33.96% (3 Feb 2026) · high 44.04% (22 May 2026) |

Lzzo calculation from TCMB indicative prices · bond: TRT130928T38 (maturity 13 Sept 2028, 6-month coupon 18.00%) · previous business day’s close · not an official benchmark rate

## Changes

| Period | Change | Compared with |
|---|---|---|
| 1 day | +5 bp | 39.90% · 27 Oct 2026 |
| 1 week | +48.5 bp | 39.46% · 21 Oct 2026 |
| 1 month | −29.4 bp | 40.24% · 28 Sept 2026 |
| Year to date | +331.9 bp | 36.63% · 31 Dec 2025 |
| 1 year | +9.9 bp | 39.85% · 28 Oct 2025 |

Changes compare stored values of the series; across a bond switch they compare two different bonds.

## Bond switches

The date from which the series uses another bond, with the bond before and after it.

| From | Previous bond | New bond |
|---|---|---|
| 16 Sept 2026 | TRT081128T15 (maturity 8 Nov 2028, 6-month coupon 15.54%) | TRT130928T38 (maturity 13 Sept 2028, 6-month coupon 18.00%) |
| 31 Jul 2026 | TRT190728T18 (maturity 19 Jul 2028, 6-month coupon 8.65%) | TRT081128T15 (maturity 8 Nov 2028, 6-month coupon 15.54%) |
| 3 Jul 2026 | TRT150328T24 (maturity 15 Mar 2028, 6-month coupon 18.40%) | TRT190728T18 (maturity 19 Jul 2028, 6-month coupon 8.65%) |
| 18 Mar 2026 | TRT160228T16 (maturity 16 Feb 2028, 6-month coupon 4.55%) | TRT150328T24 (maturity 15 Mar 2028, 6-month coupon 18.40%) |
| 30 Jan 2026 | TRT131027T36 (maturity 13 Oct 2027, 6-month coupon 18.39%) | TRT160228T16 (maturity 16 Feb 2028, 6-month coupon 4.55%) |
| 15 Oct 2025 | TRT140727T14 (maturity 14 Jul 2027, 6-month coupon 18.92%) | TRT131027T36 (maturity 13 Oct 2027, 6-month coupon 18.39%) |
| 17 Jul 2025 | TRT050527T33 (maturity 5 May 2027, 6-month coupon 20.50%) | TRT140727T14 (maturity 14 Jul 2027, 6-month coupon 18.92%) |
| 7 May 2025 | TRT100227T13 (maturity 10 Feb 2027, 6-month coupon 16.30%) | TRT050527T33 (maturity 5 May 2027, 6-month coupon 20.50%) |
| 12 Feb 2025 | TRT240227T17 (maturity 24 Feb 2027, 6-month coupon 5.50%) | TRT100227T13 (maturity 10 Feb 2027, 6-month coupon 16.30%) |
| 14 Jan 2025 | TRT020926T17 (maturity 2 Sept 2026, 6-month coupon 8.45%) | TRT240227T17 (maturity 24 Feb 2027, 6-month coupon 5.50%) |
| 3 Jan 2025 | TRT120826T16 (maturity 12 Aug 2026, 6-month coupon 18.00%) | TRT020926T17 (maturity 2 Sept 2026, 6-month coupon 8.45%) |

## How the Türkiye yields are calculated

Türkiye 2-Year Government Bond Yield: calculated by Lzzo.com from TCMB indicative prices (evds3.tcmb.gov.tr), one bond at a time; not an official benchmark rate. Stored history from 1 Oct 2024.

EVDS publishes no official benchmark yield for Turkish government bonds, so Lzzo.com calculates these values from the daily indicative prices of fixed-coupon Turkish lira government bonds that the Central Bank of the Republic of Türkiye publishes (evds3.tcmb.gov.tr).

For each maturity and day the bond whose remaining maturity is closest to 2, 5 or 10 years is used; when several are within a quarter of a year of the closest, the most recently issued one; for 10 years only bonds with at least 7 years left qualify, and a stored day keeps its bond.

The yield is the annual compound rate (actual/365) that discounts the bond’s coupons and principal to TCMB’s price including accrued interest; coupon dates are counted back from maturity in 182-day steps and confirmed by the price drops on past coupon dates.

A value dated D reflects the previous business day’s close; days without a new close (holidays) or without a price have no value, and nothing is filled in from another bond or another day.

For general information only; not investment advice.

## Related pages

- [5-Year](https://lzzo.com/bonds/turkey/5-year)
- [10-Year](https://lzzo.com/bonds/turkey/10-year)
- [All Türkiye maturities and their bonds](https://lzzo.com/bonds/turkey)
- [Government bond yields of all countries](https://lzzo.com/bonds)

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