Long-term bonds, credit appetite and reserve management: Market analysis from Emrah Gürelli

Speaking on the Ekonomi Masası program broadcast on Nasıl Bir Ekonomi TV's YouTube channel, RCG Danışmanlık Managing Partner Emrah Gürelli flagged sustained selling pressure in long-dated bonds and assessed credit appetite in the banking sector, the pre-election reserve path and the spillover from Federal Reserve policy into global markets. He framed the long-end bond selloff and banks' lending stance as the central tensions for Turkish markets as the election approaches. The discussion tied reserve management choices ahead of the vote to how much room policymakers retain, with Fed decisions shaping the external backdrop. Investors will watch the long end of the curve, bank credit growth and reserve accumulation for signals on how the pre-election period is being financed.