Turkiye: Uluslararasi Pi̇yasalar - Gunluk Rapor - 19 Nisan

Transcription

1. 1 ULUSLARARASI SERMAYE P İYASALARI - GÜNLÜK RAPOR 19/04/2018 Eurotahvil Piyasaları Geçtiğimiz günlerde ABD-Çin-Rusya sarmalında devam eden tansiyonun görece düşmesiyle birlikte ABD tahvil getirilerinde görülen gevşeme bugün de devam etti. 10 yıl vadeli tahvil 4 baz puana yakın gevşeyerek %2,87 bölgesine çıkarken 2 yıl vadeli kıymette de 3 baz puanın üzerindeki gevşemeyle %2,43 seviyesine çıkıldı. Majör Avrupa tahvillerinde de benzer hava hakim olurken, zayıf gelen TÜFE verisiyle birlikte İngiltere kıymetlerinde primlenme takip edildi. 10 yıl vadeli Almanya kıymeti 2,5 baz puana yakın gevşemeyle %0,53 seviyesine yaklaşırken benzer vadeli İngiltere kıymetinde 2 baz puanlık sıkılaşmayla %1,41’lik getiri seviyesi fiyatlandı. Geçtiğimiz günlerde ABD’den gelen ambargolara paralel olarak gelen sert satışları toparlamaya devam eden Rusya kıymetlerinin dışında Türkiye kıymetleri de dikkat çeken bir performans sergiledi. Erken seçim kararıyla birlikte hızlı şekilde rahatlayan kur Türkiye eurotahvillerine güçlü alım olarak yansıdı. Hafta başında ihraç edilen 2028 vadeli kıymet 100,750 seviyesine kadar primlenirken, getiri eğrisinin uzak ucundaki kıymetler $1,50 civarında kazançlar izlendi. Uzun sürede 200 seviyesinin üzerinde seyreden 5 yıl vadeli CDS ise 197 baz puan seviyesine kadar sıkılaştı. Benzer vadedeki Rusya CDS’i de ambargolar sonrası zirve yaptığı 150 bölgesinden 135 baz puana kadar sıkılaşmış durumda. Türkiye şirket eurotahvillerine baktığımızda ise akşam saatlerinde gelen hazine tahvillerindeki güçlü alışların pozitif yansıması takip edildi. İş Bankası 2024 vadeli kıymet 97,750 seviyesine kadar primlenirken sermaye benzeri Akbank 2028 vadeli kıymette 99,500 seviyesinde işlem geçti. ABD & Avrupa Hisse Senedi Piyasaları 18 Mart Çarşamba günü majör Avrupa endekslerinde 0,5%’e yakın değer kazançları görülürken ABD endekslerinde 0,2%’e yakın sınırlı değer artışları izlendi.. ABD tarafında 1.Çeyrek bilanço açıklamaları devam etti. Açıklanan verilere baktığımızda MBA Mortgage Başvuruları 4,9%’lık artış gözlendi. 2 hafta sonra yapılacak olan FED toplantısı için öncü niteliğinde olan 'Beige Book' ta ekonomik görünüm için olumlu beklentiler devam ederken ticaret savaşlarının bu büyümeyi gölgeleyebileceğinden bahsedildi. Dow Jones endeksi 38 puan düşüşle 24748 seviyesinden, S&P 500 endeksi 2,5 puan değer kazancıyla 2708 seviyesinden ve Nasdaq 14 puan artışla 7295 seviyesinden günü sonlandırdı. Morgan Stanley, 2018 yılı ilk çeyreğinde $1,45 ile $1,25 tahmininin üzerinde hisse başı kar açıkladı. Aynı dönemde şirketin net karı $11,1 milyar olurken, yatırım bankacılığı gelirleri $1,63 milyar ile $1,40 milyar beklentisinin üzerinde gerçekleşti. Endekslerde Enerji sektörü, Temel Maddeler ve Endüstriyeller alım tarafında baskın olurken kayıplar tüketici malları Telekom ve Finans bankacılık sektörleri öncülüğünde yaşandı. ABD endekslerinde Amazon 1,79%, Home Depot 2,8% değer kazanarak endeksi yukarı taşıyan hisseler olurken dün bilanço açıklayan IBM -7,4% aşağıda işlem gördü. Johnson&Johnson -2% ve Nike-1,6% değer kaybederek endeksleri aşağı çekti. Volatilite endeksi VIX endeksi bugün 1,97% değer kazanarak 15,55’e ulaştı. Piyasa değeri son günlerdeki artışla beraber $388 Milyar’a ulaşan dijital para birimi dünyasında hareketlilik devam etti. Bitcoin $9760geçen haftadan itibaren 18% artışla 8123 seviyesine doğru hareket etti. 0,69 cent’e ulaşan Ripple (XRP) 1 haftada 38%’lik performans sergiledi. Ethereum ise 1 haftalık süreçte 22%’lık atış yaşadı. Avrupa piyasaları ise günü genel olarak pozitif kapanışlar ile sonlandırdı. FTSE100 1,26% ile en fazla değer kazanan endeks olurken IBEX35 0,54% kazanç ile takip etti. Eurostoxx50 ise 0,37% primli kapandı. DAX 100 endeksi yatay 0,04% kazanırken, Teknoloji ve Sağlık endeksi yukarı taşıyan sektörler oldu. Telekom hisseleri negatif alanda kapanış yaparken -0,3%’e yakın kayıp sergileyen tek sektör oldu. RWE 2,89%, Deutsche Post 1,48% ve Thsyssenkrupp 1,41% değer kazanarak en çok alım gören hisseler olarak dikkat çektiler. Yarın ABD tarafında ekonomik gündemde her zamanki gibi Haftalık işsizlik başvuruları ve Devam eden başvurular açıklanacak. Emtia & FX Vadeli Kontratları (Futures) Gün içerisinde takip edilen veriler arasında İngiltere’den gelen aylık ve yıllık bazdaki TÜFE verilerinin beklentilerin altında gelmesiyle birlikte GBPUSD para çiftinde görülen %0,61’lik geri çekilme dikkat çekti. 1,4300 seviyesinde açılış yapan parite veri açıklamasıyla birlikte 1,4200 seviyesinin altına kadar çekildi ve G10 para birimlerinde izlenen en büyük değer kayıplarından oldu. EURUSD paritesinde ise yatay pozitif seyir hakim olurken kapanış saatlerinde 1,2380 seviyesi takip edildi. Dolar Endeksinde ise 89,600 seviyesindeki %0,10’luk hafif primlenme izlenirken 89,840 seviyesinde olan 50 günlük ortalamanın altında seyretmeye devam etti. Spot altın %0,15 civarında primlenmeyle 1350 seviyesinin hemen altında fiyatlandı. Spot gümüş ise %2,42’lik primlenmeyle 17,200 seviyesine kadar yükseldi. Haftalık DOE stok verilerine göre ham petrol stoklarında görülen sert gerilemeyle birlikte aktif vadeli Brent petrol kontratında %3,10 civarındaki değer artışıyla 73,80 seviyesi fiyatlanırken benzer WTI petrol kontratı da %3,40 kadar primlendi ve kapanış saatlerinde 68,80 bölgesinde işlem gördü. LME metallerine baktığımızda ise 3 ay vadeli alüminyum kontratları $132’lık primle 2537 fiyattan kapanırken, benzer niket kontratlarında da Rusya metal sektörüne gelebilecek ek ambargo endişeleriyle birlikte nikelde de $1060 seviyesindeki primlenmeyle birlikte $15275 fiyatta kapanış gerçekleşti. Uluslararası Sermaye Piyasaları Benchmark Tahviller Fiyat Getiri Türkiye 101.388 5.766 Brezilya 97.685 4.913 Rusya 96.649 4.741 Güney Afrika 99.590 4.861 ABD 98.859 2.884 Almanya 99.474 0.554 5 Yıllık CDS GIP 197 166 N/A N/A Türkiye Brezilya Rusya Güney Afrika Değişim (bps) -9 -3 N/A N/A Hisse Senedi Piyasaları Kapanış Değişim % Dow Jones 24,748.07 -0.16 S&P 500 2,708.64 0.08 NASDAQ 7,295.24 0.19 Almanya 12,575.67 -0.12 İngiltere 7,333.11 0.22 Fransa 5,387.30 0.13 Japonya 22,191.18 0.15 Şangay 3,117.38 0.84 Hong Kong 30,661.59 1.25 Brezilya 85,776.46 2.01 Emtia Piyasaları Kapanış 68.470 1,349.430 17.197 7,022.00 Değişim % 2.93 0.15 2.46 2.11 EUR/USD USD/JPY USD/CAD GBP/USD AUD/USD NZD/USD USD/CNH USD/TRY USD/RUB USD/ZAR Döviz Dünkü Seviye 1.2374 107.2300 1.2630 1.4203 0.7784 0.7319 6.2668 4.0337 60.9465 11.9462 Değişim % 0.03 0.21 0.63 -0.59 0.23 -0.31 -0.18 -2.18 -1.15 -0.46 Dow Jones Mini S&P 500 Mini DAX EUR/USD TREASURY 10Y Futures Dünkü Seviye 24,733.00 2,709.75 12,606.50 1.2431 120.14 Değişim % 0.11 0.12 0.00 0.07 -0.35 Petrol Altın Gümüş Bakır 4/19/2018
2. 2 Şirket Adı ISINKodu Para Kupon Birimi Vade Alış Satış Alış Getiri Satış Getiri Kredi Notu Miktar (M) Minimum (Moody's / Fitch) Fiyat Performansı 1A (∆) 1Y(∆) Türkiye Ülke Tahvilleri US900123BD15 US900123BF62 US900123AX87 US900123BH29 US900123BY51 US900123BZ27 US900123CA66 US900123CF53 US900123AW05 US900123CJ75 US900123CK49 US900123CP36 US900123CL22 US900123AL40 US900123AT75 US900123AY60 US900123BB58 US900123BG46 US900123BJ84 US900123CB40 US900123CG37 US900123CM05 XS0285127329 XS0503454166 XS0993155398 XS1057340009 XS1629918415 USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD EUR EUR EUR EUR EUR 7.00 7.50 7.00 5.63 5.13 6.25 3.25 5.75 7.38 4.25 4.88 5.13 6.13 6.00 11.88 8.00 6.88 7.25 6.75 6.00 4.88 6.63 5.75 5.88 5.13 4.35 4.13 3.25 3/11/2019 11/7/2019 6/5/2020 3/30/2021 3/25/2022 9/26/2022 3/23/2023 3/22/2024 2/5/2025 4/14/2026 10/9/2026 2/17/2028 10/24/2028 3/25/2027 1/15/2030 2/14/2034 3/17/2036 3/5/2038 5/30/2040 1/14/2041 4/16/2043 2/17/2045 5/11/2047 4/2/2019 5/18/2020 11/12/2021 4/11/2023 6/14/2025 102.906 105.428 105.842 103.488 101.613 105.615 92.723 102.337 110.801 91.109 94.184 94.187 100.750 101.194 148.404 115.212 103.733 107.739 102.109 93.821 81.024 99.067 89.117 104.860 107.929 108.431 107.605 100.329 103.281 105.803 106.217 103.863 101.988 105.990 93.098 102.713 111.301 91.484 94.559 94.537 101.000 101.569 149.154 115.962 104.483 108.489 102.859 94.446 81.524 99.567 89.617 105.235 108.429 108.931 108.105 100.829 3.62 3.83 4.09 4.35 4.67 4.82 4.93 5.28 5.45 5.65 5.75 5.91 6.03 5.83 6.05 6.45 6.52 6.55 6.57 6.52 6.41 6.70 6.60 0.68 1.22 1.87 2.48 3.20 3.20 3.59 3.91 4.21 4.56 4.73 4.84 5.21 5.36 5.59 5.69 5.86 6.00 5.77 5.98 6.38 6.45 6.48 6.50 6.47 6.36 6.66 6.55 0.30 0.99 1.74 2.38 3.12 Ba2/BB+ Ba2/BB+ Ba2/BB+ Ba2/BB+ Ba2/BB+ Ba2/BB+ Ba2/BB+ Ba2/BB+ Ba2/BB+ Ba2/BB+ Ba2/BB+ Ba2/BB+ Ba2/BB+e Ba2/BB+ Ba2/BB+ Ba2/BB+ Ba2/BB+ Ba2/BB+ Ba2/BB+ Ba2/BB+ Ba2/BB+ Ba2/BB+ Ba2/BB+ Ba2/BB+ Ba2/BB+ Ba2/BB+ Ba2/BB+ Ba2/BB+ 1,500 1,500 2,000 2,000 1,000 2,500 1,500 2,500 3,250 1,500 3,000 2,000 2,000 3,250 1,500 1,500 2,750 1,000 2,000 3,000 3,000 3,000 3,500 1,250 2,000 1,250 1,000 1,000 100,000 100,000 2,000 100,000 200,000 200,000 200,000 200,000 2,000 200,000 200,000 200,000 200,000 200,000 1,000 2,000 2,000 2,000 100,000 200,000 200,000 200,000 200,000 50,000 50,000 100,000 100,000 100,000 -0.24% -0.13% 0.00% 0.04% 0.06% -0.07% 0.31% -0.03% 0.21% 0.42% 0.35% 0.41% N/A 0.48% 0.04% 0.60% 0.52% 0.44% 0.73% 0.90% 1.30% 0.61% 1.02% -0.35% -0.07% 0.44% 0.41% 0.66% -3.81% -4.18% -3.57% -1.97% -1.47% -2.42% -0.61% -2.87% -3.84% -3.41% -3.92% N/A N/A -4.56% -6.08% -6.32% -6.86% -7.24% -7.39% -7.89% -8.75% -9.87% N/A -4.22% -1.66% 0.08% 1.26% N/A XS0914394688 XS1111101314 USM0375YAK49 XS1210422074 XS1574750292 US00972BAC37 XS1082151868 XS0927211754 XS1301525207 XS1089556358 XS1396282177 XS0848940523 XS1109959467 XS0910932788 XS0907295942 XS0975576165 XS1577950402 XS0774764152 XS1345632811 XS1028943089 XS1684378208 XS1496463297 XS1711581337 XS1386178237 XS1063442484 XS1613091500 XS1084838496 XS1057541838 USM8931TAA71 USM8931TAF68 XS1576037284 XS1617531063 XS1132825099 XS1069383856 XS0882347072 XS1188073081 XS1439838548 XS0808632250 XS0982644774 XS1121459074 XS1079527211 XS1390320981 XS1508390090 XS0847042024 XS1003016018 XS1578203462 XS1623796072 XS0922615819 XS1379145656 USD USD USD USD USD USD USD USD USD USD USD USD EUR USD USD USD USD USD USD USD USD USD USD USD USD USD EUR USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD 4.13 4.00 5.00 5.13 7.20 6.80 6.25 7.75 10.50 3.13 8.75 3.38 3.88 5.00 NA 4.75 4.22 5.88 5.38 5.00 4.25 5.38 6.00 7.75 6.25 4.88 3.38 4.75 6.25 5.25 5.88 6.13 8.13 4.75 3.88 4.75 5.00 3.75 5.50 5.00 5.00 5.38 5.50 6.00 7.85 6.13 7.00 3.50 5.25 4/17/2018 1/24/2020 10/24/2022 3/31/2025 3/16/2027 4/27/2028 6/30/2019 5/7/2023 11/30/2025 7/22/2019 4/16/2026 11/1/2022 9/16/2021 4/3/2023 3/28/2023 10/1/2018 9/19/2024 4/24/2019 2/8/2021 9/23/2021 9/18/2022 10/24/2023 1/25/2023 11/24/2027 4/30/2019 5/19/2022 7/8/2019 10/17/2019 4/20/2021 9/13/2022 3/16/2023 5/24/2027 11/14/2021 6/4/2019 2/5/2020 2/11/2021 7/13/2021 10/10/2018 4/21/2019 4/30/2020 6/25/2021 10/6/2021 4/21/2022 10/24/2022 12/10/2023 4/25/2024 6/29/2028 4/24/2020 3/15/2023 99.747 99.140 98.361 94.955 101.878 98.625 99.425 92.875 100.820 98.366 100.679 94.533 105.760 97.660 33.000 100.300 97.136 101.479 100.560 99.018 95.174 98.478 97.892 100.104 101.491 95.772 102.476 100.605 102.869 99.089 100.315 97.178 101.814 98.039 93.950 93.645 94.345 99.711 100.725 99.640 97.983 98.447 98.174 97.626 104.075 97.183 98.243 98.260 100.760 100.247 99.640 98.861 95.580 102.628 99.375 100.425 93.875 102.820 99.366 103.179 95.283 106.760 98.660 43.000 100.700 98.136 101.979 101.060 99.518 95.674 99.103 98.892 102.104 102.116 96.397 103.476 101.105 103.369 99.589 100.940 97.928 102.564 99.039 94.950 94.645 95.345 100.086 101.225 100.140 98.483 98.947 98.674 98.376 105.575 97.808 99.118 99.010 101.510 NA 4.51 5.42 6.02 6.64 7.03 6.75 11.47 10.12 4.48 8.49 4.73 2.10 5.55 NA 4.04 4.74 4.35 5.15 5.32 5.50 5.70 6.52 7.72 4.73 6.06 1.29 4.32 5.20 5.48 5.80 6.93 7.33 6.60 7.56 7.30 6.99 4.38 4.74 5.19 5.70 5.88 6.02 6.62 6.96 6.70 7.41 4.42 5.06 NA 4.21 5.29 5.91 6.42 6.92 5.86 11.19 9.25 3.65 7.54 4.54 1.80 5.31 NA 3.12 4.55 3.84 4.96 5.15 5.37 5.57 6.27 7.23 4.11 5.88 0.48 3.97 5.02 5.35 5.65 6.71 7.01 5.65 6.93 6.88 6.62 3.56 4.23 4.93 5.53 5.71 5.88 6.42 6.64 6.57 7.20 4.02 4.88 NA/NR Ba2/BB+ Ba2/BB+ Ba2/BB+ B2/BB B2/BB NA/NA NA/NA NA/NA NA/A Ba3/BB+ Ba1/NA NA/BB+ NA/BB+ WR/NA Ba1/BBB Ba1/BBB Ba2/NA Ba2/BB+ Ba2/BB+ Ba2/BB+ Ba2/BB+ NA/BBNA/B+ Ba2/BBBBa2/BBBBa2/BBBBa2/BBBBa2/BBBBa2/BBBBa2/BBBB1/BB+ B1/BBBa3/BB+ *Ba3/BB+ *Ba3/BB+ *Ba3/BB+ *Ba2/BB+ Ba2/BB+ Ba2/BB+ Ba2/BB+ Ba2/BB+ Ba2/BB+ B1/BB B2/BB Ba2/BB+ B2/BB Ba1/NA Ba1/NA 500 500 500 500 400 350 200 250 250 300 500 350 500 250 500 500 750 500 500 500 500 300 500 750 500 750 500 750 500 750 250 500 750 500 500 750 500 750 750 750 600 1,000 400 1,250 500 750 750 200,000 200,000 150,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 100,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 100,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 0.07% 0.09% -0.23% -0.76% -1.06% -1.87% -0.10% N/A -0.23% 0.03% -0.36% 0.91% 0.21% -0.82% -17.50% -0.30% 1.47% -0.28% -0.61% -0.81% -0.58% -0.89% -0.15% -0.58% -0.25% -0.92% 0.01% -0.03% -0.71% -0.64% -1.18% -1.11% -0.21% -0.64% -1.71% -1.98% -1.97% -0.06% -0.15% -0.41% -0.73% -0.70% -0.72% -0.89% -0.58% -1.26% -0.79% 0.03% 0.22% -0.70% -0.26% -0.87% -1.70% -2.04% N/A N/A -5.95% N/A -1.24% -3.89% 1.79% 1.32% -1.10% 120.00% -2.30% N/A -2.52% -1.29% -1.11% N/A -0.78% N/A N/A -3.43% N/A -0.51% -1.37% -2.12% -1.38% -1.56% N/A -1.75% -1.17% -1.88% -2.83% -2.36% -0.34% -1.78% -0.61% -1.00% -1.01% -0.96% -1.14% -1.35% N/A N/A -1.25% -1.10% US900123CQ19 Şirket Tahvilleri AK FINANSAL AKBANK AKBANK AKBANK AKBANK AKBANK ALBARAKA ALBARAKA ALBARAKA ALTERNATİFBANK ALTERNATİFBANK ANADOLU EFES ARÇELİK ARÇELİK BANK ASYA COCA-COLA COCA-COLA EXPORT CREDIT BANK EXPORT CREDIT BANK EXPORT CREDIT BANK EXPORT CREDIT BANK EXPORT CREDIT BANK FİBABANKA FİBABANKA FİNANSBANK FİNANSBANK GARANTİ GARANTİ GARANTİ GARANTİ GARANTİ GARANTİ GLOBAL LİMAN HALK BANKASI HALK BANKASI HALK BANKASI HALK BANKASI İŞ BANKASI İŞ BANKASI İŞ BANKASI İŞ BANKASI İŞ BANKASI İŞ BANKASI İŞ BANKASI İŞ BANKASI İŞ BANKASI İŞ BANKASI KOÇ HOLDİNG KOÇ HOLDİNG Uluslararası Sermaye Piyasaları 4/19/2018
3. 3 KUVEYT T ÜRK KUVEYT TÜRK MERSİN LİMAN ODEABANK ŞİŞECAM TSKB TSKB TSKB TSKB TSKB TÜPRAŞ TURKCELL TURKCELL TÜRK TELEKOM TÜRK TELEKOM TÜRKİYE FİNANS VAKIFLAR BANKASI VAKIFLAR BANKASI VAKIFLAR BANKASI VAKIFLAR BANKASI VAKIFLAR BANKASI VAKIFLAR BANKASI VAKIFLAR BANKASI VAKIFLAR BANKASI VAKIFLAR BANKASI YAPI KREDİ YAPI KREDİ YAPI KREDİ YAPI KREDİ YAPI KREDİ YAPI KREDİ YAPI KREDİ YAPI KREDİ YAŞAR HOLDİNG ZİRAAT BANKASI ZİRAAT BANKASI ZİRAAT BANKASI ZİRAAT BANKASI PETKİM TÜPRAŞ XS1079236169 XS1323608635 XS0957598070 XS1655085485 XS0927634807 XS1117601796 XS1219733752 XS1412393172 XS1750996206 XS1584113184 XS0849020556 XS1298711729 XS1803215869 XS1028952155 XS1028951264 XS1057852912 XS0987355939 XS1077629225 XS1403416222 XS1508914691 XS1622626379 XS0849728190 XS1760780731 XS1175854923 XS1551747733 XS0994815016 XS1028938915 XS0874840688 XS0861979440 XS1571399754 XS1634372954 XS1376681067 XS1788516679 XS1132450427 XS1083936028 XS1223394914 XS1605397394 XS1691349010 XS1747548532 XS1686704948 USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD EUR EUR USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD 5.16 7.90 5.88 7.63 4.25 5.38 5.13 4.88 5.50 7.63 4.13 5.75 5.80 3.75 4.88 5.38 5.00 3.50 2.38 5.50 5.63 6.00 5.75 6.88 8.00 5.25 5.13 4.00 5.50 5.75 5.85 8.50 6.10 8.88 4.25 4.75 5.13 5.13 5.88 4.50 6/26/2019 2/17/2026 8/12/2020 8/1/2027 5/9/2020 10/30/2019 4/22/2020 5/18/2021 1/16/2023 3/29/2027 5/2/2018 10/15/2025 4/11/2028 6/19/2019 6/19/2024 4/24/2019 10/31/2018 6/17/2019 5/4/2021 10/27/2021 5/30/2022 11/1/2022 1/30/2023 2/3/2025 11/1/2027 12/3/2018 10/22/2019 1/22/2020 12/6/2022 2/24/2022 6/21/2024 3/9/2026 3/16/2023 5/6/2020 7/3/2019 4/29/2021 5/3/2022 9/29/2023 1/26/2023 10/18/2024 100.749 103.358 101.550 95.320 99.766 100.597 99.325 97.638 96.602 99.335 99.736 100.820 98.250 99.380 97.050 101.500 100.169 101.768 101.600 98.912 97.935 96.925 97.020 99.891 101.160 100.679 100.500 98.149 95.785 99.306 96.129 105.084 98.646 97.000 99.567 97.920 97.704 96.019 96.339 94.991 101.399 105.358 102.050 96.195 100.266 101.347 100.075 98.388 97.352 101.335 100.236 101.820 99.000 99.880 97.800 102.000 100.669 102.768 102.600 99.412 98.435 97.675 97.645 100.891 103.160 101.054 101.000 98.649 96.535 99.806 96.754 106.084 99.146 98.000 100.067 98.420 98.204 96.644 97.089 95.741 4.49 6.57 4.63 8.77 4.37 4.96 5.49 5.72 6.34 7.82 14.44 5.61 6.04 4.30 5.44 3.84 4.66 1.93 1.83 5.85 6.20 6.80 6.48 6.93 7.69 4.11 4.77 5.12 6.57 5.95 6.62 6.53 6.42 10.55 4.62 5.51 5.77 5.99 6.79 5.43 3.93 5.81 3.83 8.63 4.11 4.45 5.08 5.45 6.15 7.23 -5.20 5.45 5.93 3.85 5.30 3.33 3.69 1.06 1.49 5.69 6.06 6.60 6.33 6.33 7.17 3.49 4.43 4.81 6.38 5.80 6.50 6.16 6.30 9.98 4.19 5.32 5.63 5.85 6.59 5.28 NA/BBBNA/BB+ Ba1/BBBB2/B+ Ba1/NA Ba2/BB+ Ba2/BB+ Ba2/BB+ Ba2/BB+ B2/BBBa1/BBBBa1/BBBNA/BBBNA/BBBNA/BBBNA/BBBBa2/BB+ Ba2/BB+ Baa2/NA Ba2/BB+ Ba2/BB+ B2/BB Ba2/BB+ B3/BB B3/BB Ba2/BBBBa2/BBBBa2/BBBBa3/BB+ Ba2/BBBBa2/BBBB1/BB+ Ba2/BBBB2 *-/B Ba2/BB+ Ba2/BB+ Ba2/BB+ Ba2/BB+ B1/B Ba1/BBB- 500 350 450 300 500 350 350 300 350 300 700 500 500 500 500 500 500 500 500 500 500 672 650 500 228 500 550 500 1,000 600 500 500 500 250 750 500 600 500 500 700 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 100,000 100,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 -0.26% 4.08% -0.39% -0.04% 0.18% -0.33% -0.34% -0.33% -0.79% -0.64% -0.20% -3.05% N/A -0.34% -0.85% -0.12% -0.20% 0.04% -0.32% -0.52% -0.73% -0.68% -0.69% -0.36% -0.43% -0.24% -0.19% -0.04% -0.60% -0.63% -1.33% -0.60% -1.06% -3.71% -0.08% -0.65% -0.98% -1.02% -2.63% -0.18% -1.95% N/A -3.29% N/A -0.07% -0.77% -0.92% 0.24% N/A -2.37% -0.91% -1.40% N/A -1.00% -0.59% -1.46% -1.17% 0.14% 2.36% -0.34% N/A -1.35% N/A -0.11% -0.33% -1.05% -0.59% -0.10% -0.28% -0.57% N/A -0.39% N/A -5.90% -0.68% -1.34% N/A N/A N/A N/A US105756BT66 US105756AR10 US105756BV13 US105756AE07 US105756BB58 BRL USD USD USD USD 8.50 1/5/2024 8.88 4/15/2024 4.25 1/7/2025 10.13 5/15/2027 8.25 1/20/2034 104.250 125.300 99.400 140.250 125.850 104.625 126.550 99.800 141.250 126.700 7.71 4.06 4.35 4.63 5.73 7.62 3.86 4.28 4.52 5.66 Ba2/BBBa2/BBBa2/BBBa2/BBBa2/BB- 3,150 1,029 4,300 838 1,502 350,000 1,000 200,000 1,000 1,000 3.92% -0.56% 0.40% 0.54% 0.68% 8.09% -1.34% -0.05% -2.60% -0.20% USP3772WAF97 USG1315RAD38 USG1315RAG68 US10553YAF25 USP1905CAE05 USG2583XAA93 US31572UAE64 US46556MAF95 USA29866AA70 USN54468AA65 USN54468AD05 USL6401PAC79 US71645WAR25 US71647NAP42 US71647NAF69 US71647NAM11 XS0716979595 XS0982711714 US71647NAN93 USG8600UAA19 USP98088AA83 USP98088AA83 US91911TAM53 USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD EUR EUR USD USD USD USD USD 9.00 PERP 108.400 5.75 4/15/2021 104.350 5.38 5/2/2022 103.500 6.45 2/3/2024 109.100 4.75 5/22/2024 91.500 6.88 9/21/2019 99.750 5.25 5/12/2024 103.650 5.65 3/19/2022 103.350 7.75 10/28/2020 102.500 8.38 5/9/2018 NA 6.88 6/24/2019 101.900 7.75 1/31/2023 103.250 5.38 1/27/2021 104.100 8.38 5/23/2021 113.300 4.38 5/20/2023 98.350 6.25 3/17/2024 105.800 5.88 3/7/2022 115.350 4.75 1/14/2025 110.200 6.85 6/5/2115 95.650 5.88 1/23/2021 105.000 7.25 4/5/2041 110.350 7.25 4/5/2041 110.350 4.38 1/11/2022 102.000 109.150 7.28 7.13 B2/NA 105.100 4.18 3.92 Ba1/BBB104.250 4.42 4.22 Ba1/BBB109.850 4.63 4.49 Ba1/BBB92.500 6.46 6.25 Ba2/BBB100.500 7.06 6.49 B3/B- *104.400 4.55 4.41 Ba1/BBB104.100 4.70 4.49 Ba3/B+ 103.250 6.00 5.03 NA/BB- *NA #N/A Invalid #N/A Override Invalid Override B2/BB102.400 5.17 2.73 B2/BB104.000 NA NA WR/WD 104.600 3.79 3.61 Ba2/BB113.653 3.76 3.65 Ba2/BB98.750 4.74 4.65 Ba2/BB106.300 5.10 5.00 Ba2/BB115.750 1.74 1.64 Ba2/BB110.800 3.05 2.95 Ba2/BB96.500 7.16 7.10 Ba2/BB105.750 3.94 3.66 Ba1/BBB111.200 6.38 6.32 Ba2/BBB111.200 6.38 6.32 Ba2/BBB102.500 3.79 3.65 Ba1/BBB+ 2,170 1,000 500 750 750 547 600 1,250 1,000 89 508 1,217 1,240 3,500 2,500 600 800 2,500 186 1,151 1,151 1,469 200,000 200,000 200,000 200,000 200,000 100,000 2,000 200,000 200,000 200,000 200,000 200,000 2,000 2,000 2,000 2,000 100,000 100,000 2,000 100,000 200,000 200,000 2,000 1.74% -0.62% -0.48% -0.82% -2.66% 2.84% 0.14% 1.82% 0.49% N/A -0.92% -0.24% -0.86% -0.61% 0.10% 1.49% 1.32% 1.33% 4.25% -3.00% 4.60% 4.60% -0.83% 3.98% -0.14% 0.73% 2.20% -4.69% 14.66% 0.00% -1.57% -1.44% N/A -1.19% -0.24% 1.07% -0.09% 3.09% 2.57% 3.08% 6.11% 7.65% -1.32% 8.19% 8.19% 0.99% XS0504954347 XS0971721450 XS0088543193 XS0971721963 USD USD USD USD 5.00 4.88 12.75 5.88 4/29/2020 9/16/2023 6/24/2028 9/16/2043 101.986 103.000 161.480 108.330 102.486 103.500 162.080 109.230 3.97 4.25 4.97 5.28 3.71 4.14 4.92 5.21 Ba1/BBBBa1/BBBBa1/BBBBa1/BBB- 3,500 3,000 2,500 1,500 100,000 200,000 10,000 200,000 -1.33% -2.36% -2.90% -2.27% -4.19% -4.67% -8.09% -5.96% XS0620695204 XS0424860947 XS0906946008 XS0290580595 USD USD EUR USD 7.75 9.25 3.39 6.51 4/28/2021 4/23/2019 3/20/2020 3/7/2022 104.624 104.590 102.720 105.280 106.124 105.090 103.520 106.080 6.05 4.50 1.92 4.99 5.52 4.01 1.50 4.77 Ba1/BB+ Baa3/BBBBaa3/BBBBaa3/BBB- 1,000 2,250 1,000 1,300 200,000 100,000 100,000 100,000 -4.61% -1.42% -2.07% -2.45% -8.22% -6.66% -2.54% -4.72% Brezilya Ülke Tahvilleri Şirket Tahvilleri BANCO DO BRASIL BRASKEM BRASKEM BRASKEM BRF CSN ISLANDS XI FIBRIA ITAU UNIBANCO JBS MARFRIG MARFRIG MINERVA PETROBRAS PETROBRAS PETROBRAS PETROBRAS PETROBRAS PETROBRAS PETROBRAS SUZANO VOTORANTIM VOTORANTIM VALE Rusya Ülke Tahvilleri Şirket Tahvilleri ALFA BANK GAZPROM GAZPROM GAZPROM Uluslararası Sermaye Piyasaları 4/19/2018
4. 4 GAZPROMBANK GAZPROMBANK GAZPROMBANK LUKOIL LUKOIL LUKOIL LUKOIL LUKOIL NORILSK PROMSVYAZ BANK ROSNEFT RUSSIAN AGRI BANK RUSSIAN STD BANK SBERBANK SBERBANK SBERBANK SBERBANK SBERBANK VIP VNESHECONOMBANK VTB BANK XS0987109658 XS0779213460 XS0975320879 XS0919502434 XS0461926569 XS0554659671 XS0304274599 XS0919504562 XS1298447019 XS1086084123 XS0861981180 XS0979891925 XS1117280625 XS0799357354 XS0638572973 XS0848530977 XS0935311240 XS1032750165 XS0643183220 XS0993162170 XS0842078536 EUR USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD 3 .98 7.25 7.50 3.42 7.25 6.13 6.66 4.56 6.63 10.50 4.20 8.50 13.00 5.18 5.72 5.13 5.25 5.50 7.50 4.22 6.95 10/30/2018 5/3/2019 12/28/2023 4/24/2018 11/5/2019 11/9/2020 6/7/2022 4/24/2023 10/14/2022 7/30/2021 3/6/2022 10/16/2023 10/27/2022 6/28/2019 6/16/2021 10/29/2022 5/23/2023 2/26/2024 3/1/2022 11/21/2018 10/17/2022 100.661 99.660 98.000 99.730 103.916 103.422 105.933 97.590 102.100 0.010 96.210 105.984 20.000 100.457 101.750 98.879 98.844 98.864 106.750 99.646 101.794 101.361 100.660 99.000 100.230 104.716 104.422 106.933 98.590 104.100 8.000 97.410 107.484 30.000 101.257 102.750 99.879 99.844 100.064 107.750 100.246 102.994 2.65 7.60 9.02 99.20 4.57 4.68 5.04 5.12 6.08 979.34 5.29 7.16 80.47 4.77 5.11 5.41 5.51 6.78 5.53 4.85 6.48 1.33 6.57 8.79 -77.88 4.05 4.27 4.78 4.88 5.58 162.42 4.94 6.84 58.14 4.07 4.76 5.16 5.28 5.41 5.25 3.78 6.17 Ba2/BB+ B2/BB NR/BB Baa3/BBB+ Baa3/BBB+ Baa3/BBB+ Baa3/BBB+ Baa3/BBB+ Baa3/BBB- *C/WD Baa3/WD NR/NA NA/NA Ba1/BBBBa1/BBBBa2/BB+ NA/BB+ NA/BB+ Ba2/BB+ NA/BBBBa3/WD 1,000 500 750 1,500 600 1,000 500 1,500 1,000 2,000 500 545 1,000 1,000 2,000 1,000 1,000 601 850 1,412 100,000 200,000 200,000 200,000 100,000 200,000 100,000 200,000 200,000 200,000 200,000 200,000 164,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 -1.12% -3.49% -3.92% -0.21% -2.08% -2.61% -4.13% -3.94% -6.71% 0.00% -3.28% -4.81% 0.00% -1.85% -3.33% -2.74% -3.67% -2.20% -3.83% -0.92% -5.33% -3.26% -7.08% -6.44% -1.06% -6.34% -5.72% -5.75% -5.11% -9.35% -99.99% -3.60% -6.83% -54.02% -4.46% -5.61% -3.30% -3.57% -3.55% -5.64% -2.45% -6.29% US922646AT10 US922646AS37 US922646BL74 USP17625AB33 USP17625AC16 USP17625AD98 USP17625AE71 USP97475AN08 USD USD USD USD USD USD USD USD 13.63 9.25 9.38 9.25 12.75 11.95 11.75 7.75 8/15/2018 9/15/2027 1/13/2034 5/7/2028 8/23/2022 8/5/2031 10/21/2026 10/13/2019 38.750 32.250 33.900 29.700 33.250 32.700 32.650 29.800 40.750 33.000 34.700 30.600 34.050 33.500 33.400 30.600 508.06 30.28 27.10 34.28 49.38 34.41 35.22 111.56 467.35 29.72 26.54 33.42 48.41 33.70 34.59 108.71 C/WD C/WD C/WD C/WD C/WD C/WD C/WD C/WD 753 4,000 1,500 2,000 3,000 4,200 3,000 2,496 1,000 1,000 2,000 100 100 100 100 100 0.65% 1.26% -1.17% -1.00% -2.92% -3.25% -3.55% 0.00% -54.81% -35.50% -27.41% -35.01% -45.49% -40.22% -40.26% -49.92% USP7807HAM71 XS0294364954 USD USD 12.75 2/17/2022 5.38 4/12/2027 33.000 27.600 33.800 28.350 53.48 27.56 52.41 26.98 NA/C NA/C 3,000 3,000 100 400 -2.37% -2.65% -45.68% -25.10% US91087BAA89 US91086QBF46 USD USD 3.60 4.60 98.500 95.000 98.900 95.750 3.85 4.93 3.79 4.88 A3/BBB+ A3/BBB+ 2,454 3,000 200,000 200,000 0.61% 2.15% -2.09% -1.66% USP16259AB20 USP16259AK29 USP30179AM09 USP2253TJD20 USP2253TJE03 USP22575AF47 USU12763AD75 XS1379158048 US71654QBG64 US71656MAF68 USD USD USD USD USD USD USD EUR USD USD 6.50 3/10/2021 106.400 4.38 4/10/2024 101.500 4.88 1/15/2024 102.850 6.50 12/10/2019 103.000 5.70 1/11/2025 102.750 7.25 1/15/2021 103.750 6.00 4/1/2024 103.750 5.13 3/15/2023 114.300 3.50 1/30/2023 95.900 6.63 PERP 99.700 107.150 102.250 103.600 104.000 103.500 104.750 104.500 114.800 96.400 100.700 4.12 4.09 4.31 NA 5.04 NA 4.93 2.02 4.46 6.70 3.85 3.95 4.16 NA 4.86 NA 4.22 1.93 4.34 -2.35 Baa3/BBBA3/ABaa1/BBB+ NA/WD NA/BBNA/WD NA/BBBaa3/BBB+ Baa3/BBB+ Baa3/BBB+ 1,250 750 1,250 1,071 1,000 900 2,100 1,000 150,000 150,000 200,000 200,000 200,000 200,000 200,000 100,000 10,000 10,000 -2.16% -1.93% 0.10% 0.00% -0.48% 0.00% 0.24% N/A 0.42% -0.05% -2.39% -0.98% -0.96% -2.37% -0.72% -3.04% -1.89% 3.16% 0.42% 0.45% US040114GL81 US040114GK09 USD USD 8.28 12/31/2033 109.750 2.50 12/31/2038 67.100 110.600 67.600 6.96 7.17 6.85 7.11 B2/WD B2/WD 3,966 5,297 1 1 1.71% 2.44% -0.05% 3.07% USP989MJBE04 USD 8.50 7/28/2025 111.600 112.350 6.47 6.35 B2/B 1,500 1,000 1.92% 0.22% US836205AN45 US836205AQ75 US836205AR58 US836205AS32 USD USD USD USD 5.50 4.67 5.88 5.38 3/9/2020 1/17/2024 9/16/2025 7/24/2044 103.640 100.377 106.419 95.294 103.940 100.877 106.919 95.919 3.48 4.59 4.83 5.72 3.32 4.49 4.75 5.68 Baa3/BB+ Baa3/BB+ Baa3/BB+ Baa3/BB+ 1,619 1,500 2,000 1,000 100,000 100,000 200,000 200,000 0.22% 0.66% 0.88% 2.02% -2.09% -1.25% -1.92% -3.99% US03512TAC53 XS0579851949 XS1187065443 XS0809571739 XS1113141441 USD USD USD USD USD 5.13 5.75 7.13 4.00 3.90 8/1/2022 1/26/2021 2/11/2025 7/26/2022 6/24/2020 102.291 99.520 103.046 97.070 100.291 102.921 100.520 103.796 97.570 100.916 4.53 5.94 6.56 4.77 3.76 4.37 5.54 6.42 4.63 3.46 Baa3/NA B3/NA B3/NA Baa3/BB+u Baa3/BB+ 750 1,750 1,250 1,000 500 1,000 200,000 200,000 200,000 200,000 -1.04% 1.62% 2.94% -0.64% -0.19% -0.83% -0.38% 2.13% 0.18% -0.21% XS1044540547 USD 4.75 3/18/2024 100.367 100.867 4.68 4.58 Ba2/BB+ 1,250 200,000 0.38% -1.21% XS0903465127 XS1196496688 USD USD 4.75 6.95 3/13/2023 3/18/2030 99.804 108.345 100.304 109.345 4.79 5.96 4.68 5.85 Ba2/BB+ NR/BB+ 1,000 750 200,000 200,000 0.57% 0.31% 1.69% 1.02% Venezuella Ülke Tahvilleri Şirket Tahvilleri PDVSA PDVSA Meksika Ülke Tahvilleri 1/30/2025 1/23/2046 Şirket Tahvilleri BBVA BANCOMER BBVA BANCOMER CFELEC CEMEX CEMEX CEMEX CEMEX PEMEX PEMEX PEMEX Arjantin Ülke Tahvilleri Şirket Tahvilleri YPF SOCIEDAD Güney Afrika Ülke Tahvilleri Şirket Tahvilleri ANGLOGOLD ESKOM ESKOM TRANSNET ZAR SOV CAPITAL FUND Azerbaycan Ülke Tahvilleri Şirket Tahvilleri SOCAR SOCAR Uluslararası Sermaye Piyasaları 4/19/2018
5. 5 G ürcistan Şirket Tahvilleri GEORGIAN RAILWAY XS0800346362 USD 7.75 7/11/2022 107.880 108.630 5.62 5.43 NA/B+ 500 200,000 -1.60% -1.82% XS1120709669 XS1263054519 XS1120709826 XS1263139856 USD USD USD USD 3.88 10/14/2024 100.368 5.13 7/21/2025 107.342 4.88 10/14/2044 98.895 6.50 7/21/2045 119.582 100.868 107.842 99.645 120.332 3.81 3.95 4.95 5.15 3.72 3.87 4.90 5.11 Baa3/BBB Baa3/BBB Baa3/BBB Baa3/BBB 1,500 2,500 1,000 1,500 200,000 200,000 200,000 200,000 -0.99% -1.09% -0.77% -0.77% -0.92% -1.75% -0.26% 0.28% XS0934609016 XS0867478124 USD USD 4.63 5/24/2023 5.50 12/21/2022 98.540 99.150 99.540 100.150 4.95 5.71 4.73 3.51 Ba1/BBBNA/BB- *+ 961 750 200,000 1 -0.33% -0.23% -0.01% 6.90% GR0114030555 GR0124034688 GR0128015725 GR0133011248 GR0138015814 GRR000000010 EUR EUR EUR EUR EUR EUR 3.50 1/30/2023 101.600 3.75 1/30/2028 97.900 3.90 1/30/2033 93.800 4.00 1/30/2037 91.850 4.20 1/30/2042 91.800 0.00 10/15/2042 0.356 101.850 98.100 94.000 92.100 92.100 0.436 3.13 4.01 4.48 4.66 4.78 NA 3.08 3.99 4.46 4.64 4.76 NA NA/B NA/B NA/B NA/B NA/B NA/NA 4,356 5,963 6,091 4,805 4,604 62,383 1 1 1 1 1 100 N/A N/A N/A N/A N/A 9.20% N/A N/A N/A N/A N/A 119.75% US06120TAA60 XS0937236783 XS1200439609 USG21895AC44 XS1165659357 USY39656AA40 XS0920864708 USD USD USD USD USD USD USD 5.00 11/13/2024 102.470 6.50 6/4/2018 100.100 7.50 3/10/2020 80.000 5.95 4/28/2041 122.620 4.50 1/16/2020 101.003 6.00 PERP 102.800 4.50 5/3/2018 99.850 102.681 100.350 84.000 123.832 101.161 103.000 100.250 4.56 5.48 21.58 4.38 3.89 4.13 9.71 4.52 3.33 18.53 4.31 3.80 4.00 -4.40 Baa3/BBB+ B1/NA NA/WD A2/A+ Baa1/A Ba2/NA B3/B- 3,000 400 427 500 1,200 2,940 226 200,000 200,000 200,000 200,000 200,000 200,000 200,000 -0.89% -0.25% 0.00% 0.12% -0.29% 0.83% 0.00% -3.96% -1.38% 3.90% -0.82% -2.37% -2.14% 0.71% XS1133588233 US759468AC51 USD USD 4.75 11/12/2019 100.875 5.40 2/14/2022 104.860 101.250 105.118 4.16 4.01 3.91 3.94 Ba2/BB Baa2/NA 500 1,500 200,000 250,000 0.37% -0.45% 0.00% -4.25% USY7138AAA89 USD 5.25 104.375 104.750 3.73 3.61 Baa2/BBB 1,000 200,000 0.00% -2.22% USP9451YAC77 USD 5.88 10/30/2021 103.300 104.050 4.47 3.59 Ba2/NA 625 150,000 -0.43% 0.29% XS0794821453 XS1035007530 XS0805885349 XS1241110300 XS1075401726 XS0863524277 XS0885065887 USD USD USD USD USD USD USD 7.00 4.29 6.40 2.92 4.56 3.63 4.50 104.537 100.560 104.194 99.250 101.750 98.625 101.500 3.51 3.90 3.42 3.54 4.33 4.06 5.12 2.97 3.59 2.92 3.29 4.24 3.95 4.24 Baa2/BBB+ NA/NA Baa3/NA A3/A Baa2/NA A3/A NA/NA 650 300 500 750 750 1,250 500 200,000 200,000 200,000 200,000 200,000 200,000 200,000 -0.48% -0.07% -0.41% -0.13% -0.74% N/A 0.00% -4.89% -1.78% -4.37% -0.88% -2.64% -3.33% -4.69% Kazakistan Ülke Tahvilleri Şirket Tahvilleri KAZAGRO KAZKOMMERTSBANK Yunanistan Ülke Tahvilleri Çin Şirket Tahvilleri BANK OF CHINA CENTRAL CHINA CHINA SHANSHUI CNPC HK HUARONG FINANCE IND & COMM BANK PARKSON RETAIL Hindistan Şirket Tahvilleri JSW STEEL LTD RELIANCE HOLDINGS Endonezya Şirket Tahvilleri PERTAMINA 5/23/2021 Peru Şirket Tahvilleri UNACEM Birleşik Arap Emirlikleri Şirket Tahvilleri (Sukuk) JAFZ SUKUK 2019 DIP SUKUK LTD EMAAR SUKUK LTD DIB SUKUK LTD EMG SUKUK ABU DHABI NATIONAL EMIRATES Uluslararası Sermaye Piyasaları 6/19/2019 2/20/2019 7/18/2019 6/3/2020 6/18/2024 1/12/2023 2/6/2025 103.912 100.310 103.569 98.750 101.250 98.125 96.500 4/19/2018