As of July 18, 2025, the major economy with the highest yield on 10-year government bonds was Turkey, with a yield of ** percent. This is due to the risks investors take when investing in Turkey, notably due to high inflation rates potentially eradicating any profits made when using a foreign currency to investing in securities denominated in Turkish lira. Of the major developed economies, United Kingdom had one the highest yield on 10-year government bonds at this time with **** percent, while Switzerland had the lowest at **** percent. How does inflation influence the yields of government bonds? Inflation reduces purchasing power over time. Due to this, investors seek higher returns to offset the anticipated decrease in purchasing power resulting from rapid price rises. In countries with high inflation, government bond yields often incorporate investor expectations and risk premiums, resulting in comparatively higher rates offered by these bonds. Why are government bond rates significant? Government bond rates are an important indicator of financial markets, serving as a benchmark for borrowing costs, interest rates, and investor sentiment. They affect the cost of government borrowing, influence the price of various financial instruments, and serve as a reflection of expectations regarding inflation and economic growth. For instance, in financial analysis and investing, people often use the 10-year U.S. government bond rates as a proxy for the longer-term risk-free rate.
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Key information about Turkey Long Term Interest Rate
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The yield on Turkey 10Y Bond Yield eased to 29.34% on October 7, 2025, marking a 0.04 percentage points decrease from the previous session. Over the past month, the yield has fallen by 1.39 points, though it remains 1.68 points higher than a year ago, according to over-the-counter interbank yield quotes for this government bond maturity. Turkey 10-Year Government Bond Yield - values, historical data, forecasts and news - updated on October of 2025.
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Turkey External Debt Stock: Treasury Guaranteed: Interest Rate: Combined data was reported at 110.000 USD mn in 2017. This records an increase from the previous number of 64.000 USD mn for 2016. Turkey External Debt Stock: Treasury Guaranteed: Interest Rate: Combined data is updated yearly, averaging 139.000 USD mn from Dec 2002 (Median) to 2017, with 16 observations. The data reached an all-time high of 271.000 USD mn in 2008 and a record low of 64.000 USD mn in 2016. Turkey External Debt Stock: Treasury Guaranteed: Interest Rate: Combined data remains active status in CEIC and is reported by Turkish Treasury. The data is categorized under Global Database’s Turkey – Table TR.JB014: Treasury Guaranteed External Debt Stock.
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Gross Ext. Debt Pos., General Government, All maturities, All instruments, USD in Turkey was reported at 123638020879 USD in 2025, according to the World Bank collection of development indicators, compiled from officially recognized sources. Turkey - Gross Ext. Debt Pos., General Government, All maturities, All instruments, USD - actual values, historical data, forecasts and projections were sourced from the World Bank on October of 2025.
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Gross Ext. Debt Pos., General Government, Long-term, Loans, USD in Turkey was reported at 23525093513 USD in 2025, according to the World Bank collection of development indicators, compiled from officially recognized sources. Turkey - Gross Ext. Debt Pos., General Government, Long-term, Loans, USD - actual values, historical data, forecasts and projections were sourced from the World Bank on September of 2025.
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External Debt in Turkey increased to 547698 USD Million in the second quarter of 2025 from 522985 USD Million in the first quarter of 2025. This dataset provides - Turkey External Debt - actual values, historical data, forecast, chart, statistics, economic calendar and news.
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Key information about Turkey National Government Debt
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Turkey Bonds & Bills: Trade Value: USD data was reported at 48.898 USD bn in Jul 2018. This records an increase from the previous number of 47.384 USD bn for Jun 2018. Turkey Bonds & Bills: Trade Value: USD data is updated monthly, averaging 103.369 USD bn from Jun 1991 (Median) to Jul 2018, with 326 observations. The data reached an all-time high of 443.381 USD bn in Mar 2016 and a record low of 7.142 USD mn in Jun 1991. Turkey Bonds & Bills: Trade Value: USD data remains active status in CEIC and is reported by Borsa Istanbul . The data is categorized under Global Database’s Turkey – Table TR.Z014: Borsa Istanbul: Bonds and Bills Market.
The national debt of Turkey was estimated at about ************** U.S. dollars in 2024. Between 2000 and 2024, the national debt rose by approximately ************** U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The national debt will steadily rise by around *********** U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.
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Turkey Govt Domestic Debt Sec: RN: MV: NR: Banks: Non Resident data was reported at 10.835 USD bn in Jul 2018. This records a decrease from the previous number of 11.559 USD bn for Jun 2018. Turkey Govt Domestic Debt Sec: RN: MV: NR: Banks: Non Resident data is updated monthly, averaging 21.337 USD bn from May 2012 (Median) to Jul 2018, with 75 observations. The data reached an all-time high of 35.363 USD bn in Jun 2013 and a record low of 10.835 USD bn in Jul 2018. Turkey Govt Domestic Debt Sec: RN: MV: NR: Banks: Non Resident data remains active status in CEIC and is reported by Central Bank of the Republic of Turkey. The data is categorized under Global Database’s Turkey – Table TR.Z023: Equities and Government Domestic Debt Securities: USD.
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Turkey External Bond Stock: Outstanding data was reported at 116.774 USD bn in Jun 2018. This records a decrease from the previous number of 119.225 USD bn for Mar 2018. Turkey External Bond Stock: Outstanding data is updated quarterly, averaging 27.112 USD bn from Dec 1989 (Median) to Jun 2018, with 115 observations. The data reached an all-time high of 119.225 USD bn in Mar 2018 and a record low of 2.560 USD bn in Dec 1989. Turkey External Bond Stock: Outstanding data remains active status in CEIC and is reported by Turkish Treasury. The data is categorized under Global Database’s Turkey – Table TR.Z029: External Bond Stock.
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Turkey External Debt Stock: Treasury Guaranteed: JPY data was reported at 141.000 USD mn in 2017. This records an increase from the previous number of 76.000 USD mn for 2016. Turkey External Debt Stock: Treasury Guaranteed: JPY data is updated yearly, averaging 82.500 USD mn from Dec 2002 (Median) to 2017, with 16 observations. The data reached an all-time high of 561.000 USD mn in 2002 and a record low of 21.000 USD mn in 2012. Turkey External Debt Stock: Treasury Guaranteed: JPY data remains active status in CEIC and is reported by Turkish Treasury. The data is categorized under Global Database’s Turkey – Table TR.JB014: Treasury Guaranteed External Debt Stock.
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Turkey Debt Agreements: Treasury Guaranteed: Private data was reported at 0.000 USD mn in 2017. This records a decrease from the previous number of 473.000 USD mn for 2016. Turkey Debt Agreements: Treasury Guaranteed: Private data is updated yearly, averaging 344.500 USD mn from Dec 2002 (Median) to 2017, with 16 observations. The data reached an all-time high of 806.000 USD mn in 2004 and a record low of 0.000 USD mn in 2017. Turkey Debt Agreements: Treasury Guaranteed: Private data remains active status in CEIC and is reported by Turkish Treasury. The data is categorized under Global Database’s Turkey – Table TR.F026: Treasury Guarantees.
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Turkey External Bond Stock: Annual: OT: PS: Central Government (CG) data was reported at 66.764 USD bn in 2017. This records an increase from the previous number of 59.951 USD bn for 2016. Turkey External Bond Stock: Annual: OT: PS: Central Government (CG) data is updated yearly, averaging 38.907 USD bn from Dec 1999 (Median) to 2017, with 19 observations. The data reached an all-time high of 66.764 USD bn in 2017 and a record low of 15.931 USD bn in 1999. Turkey External Bond Stock: Annual: OT: PS: Central Government (CG) data remains active status in CEIC and is reported by Turkish Treasury. The data is categorized under Global Database’s Turkey – Table TR.Z029: External Bond Stock.
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Turkey GDDS: RN: MT: MV: DO: BS: Over 24 Months data was reported at 44.553 USD bn in Jul 2018. This records a decrease from the previous number of 45.028 USD bn for Jun 2018. Turkey GDDS: RN: MT: MV: DO: BS: Over 24 Months data is updated monthly, averaging 54.293 USD bn from May 2012 (Median) to Jul 2018, with 75 observations. The data reached an all-time high of 68.344 USD bn in Nov 2014 and a record low of 41.935 USD bn in May 2018. Turkey GDDS: RN: MT: MV: DO: BS: Over 24 Months data remains active status in CEIC and is reported by Central Bank of the Republic of Turkey. The data is categorized under Global Database’s Turkey – Table TR.Z026: Government Domestic Debt Securities: by Maturity: USD.
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Turkey External Debt Stock: Treasury Guaranteed: Others data was reported at 163.000 USD mn in 2017. This records a decrease from the previous number of 178.000 USD mn for 2016. Turkey External Debt Stock: Treasury Guaranteed: Others data is updated yearly, averaging 70.500 USD mn from Dec 2002 (Median) to 2017, with 16 observations. The data reached an all-time high of 303.000 USD mn in 2002 and a record low of 16.000 USD mn in 2011. Turkey External Debt Stock: Treasury Guaranteed: Others data remains active status in CEIC and is reported by Turkish Treasury. The data is categorized under Global Database’s Turkey – Table TR.JB014: Treasury Guaranteed External Debt Stock.
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Turkey GDDS: RN: MT: MV: DO: NB: 19 to 24 Months data was reported at 4.505 USD bn in Jul 2018. This records an increase from the previous number of 3.619 USD bn for Jun 2018. Turkey GDDS: RN: MT: MV: DO: NB: 19 to 24 Months data is updated monthly, averaging 2.838 USD bn from May 2012 (Median) to Jul 2018, with 75 observations. The data reached an all-time high of 10.421 USD bn in Jul 2012 and a record low of 846.900 USD mn in Aug 2014. Turkey GDDS: RN: MT: MV: DO: NB: 19 to 24 Months data remains active status in CEIC and is reported by Central Bank of the Republic of Turkey. The data is categorized under Global Database’s Turkey – Table TR.Z026: Government Domestic Debt Securities: by Maturity: USD.
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Turkey GDDS: RN: MT: MV: FC: 12 Months data was reported at 1.995 USD bn in Jul 2018. This records a decrease from the previous number of 2.058 USD bn for Jun 2018. Turkey GDDS: RN: MT: MV: FC: 12 Months data is updated monthly, averaging 3.431 USD bn from May 2012 (Median) to Jul 2018, with 75 observations. The data reached an all-time high of 22.234 USD bn in Jun 2013 and a record low of 1.261 USD bn in Jan 2017. Turkey GDDS: RN: MT: MV: FC: 12 Months data remains active status in CEIC and is reported by Central Bank of the Republic of Turkey. The data is categorized under Global Database’s Turkey – Table TR.Z026: Government Domestic Debt Securities: by Maturity: USD.
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Turkey GDDS: RN: MT: MV: FC: BS: FB: 12 Months data was reported at 777.000 USD mn in Jul 2018. This records a decrease from the previous number of 902.600 USD mn for Jun 2018. Turkey GDDS: RN: MT: MV: FC: BS: FB: 12 Months data is updated monthly, averaging 1.950 USD bn from May 2012 (Median) to Jul 2018, with 75 observations. The data reached an all-time high of 13.786 USD bn in Jun 2013 and a record low of 604.200 USD mn in Dec 2016. Turkey GDDS: RN: MT: MV: FC: BS: FB: 12 Months data remains active status in CEIC and is reported by Central Bank of the Republic of Turkey. The data is categorized under Global Database’s Turkey – Table TR.Z026: Government Domestic Debt Securities: by Maturity: USD.
As of July 18, 2025, the major economy with the highest yield on 10-year government bonds was Turkey, with a yield of ** percent. This is due to the risks investors take when investing in Turkey, notably due to high inflation rates potentially eradicating any profits made when using a foreign currency to investing in securities denominated in Turkish lira. Of the major developed economies, United Kingdom had one the highest yield on 10-year government bonds at this time with **** percent, while Switzerland had the lowest at **** percent. How does inflation influence the yields of government bonds? Inflation reduces purchasing power over time. Due to this, investors seek higher returns to offset the anticipated decrease in purchasing power resulting from rapid price rises. In countries with high inflation, government bond yields often incorporate investor expectations and risk premiums, resulting in comparatively higher rates offered by these bonds. Why are government bond rates significant? Government bond rates are an important indicator of financial markets, serving as a benchmark for borrowing costs, interest rates, and investor sentiment. They affect the cost of government borrowing, influence the price of various financial instruments, and serve as a reflection of expectations regarding inflation and economic growth. For instance, in financial analysis and investing, people often use the 10-year U.S. government bond rates as a proxy for the longer-term risk-free rate.