Joint efforts are underway to strengthen the functioning of the bond market.

Foreks - The collaboration between the Ministry of Treasury and Finance and the Central Bank of the Republic of Turkey aims to enhance the effective and healthy functioning of the markets. A source close to the matter informed ForInvest News that the economic management has initiated efforts to strengthen the operation of the bond market, targeting an increase in liquidity in the Turkish lira bond market, which has diminished over the past week.

Today, the Central Bank opened a direct purchase auction for TLREF-indexed bonds. A total of 3.72 billion TL was sold in direct purchase auctions for bonds with ISIN codes TRT060928T11, TRT061228T16, and TRT070329T15. The Central Bank received a total of 8.04 billion TL in bids for three separate auctions, each worth 500 million TL. It is noted that auctions are expected to continue in the upcoming period.