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Turkey bonds offer a high yield among the sovereign emerging markets bond space. Inflation has eased to over 40% from record high levels of above 80%. It has also been upgraded by major rating agencies through 2024 with its current credit ratings standing at B1/BB-/BB- (Moody’s/S&P/Fitch). Turkey is a popular issuer among investors and it continues to issue bonds in the offshore dollar bond market with its medium-term bonds offering yields of over 7%.