Turkiye: Uluslararasi Piyasalar - Gunluk Rapor - 11 Mayis

Transcription

1. 1 ULUSLARARASI SERMAYE P İYASALARI - GÜNLÜK RAPOR 11/05/2018 Eurotahvil Piyasaları ABD Nisan ayı TÜFE verisinin beklentileri karşılayamaması ve bunun da FED’in faiz artışları için acele etmesine gerek olmadığına yorumlanmasıyla ABD on yıllık getirileri 2 baz puan gerilemeyle %2.97’ye geldi. 2 yıllık ABD tahvilinde ise %2.54 getiri seviyesi ile son 10 yılın en yüksek getiri seviyelerindeyiz. Benzer şekilde; 30 yıllık tahvil ihalesinde güçlü talep gelmesiyle birlikte 5yıl-30 yıl makası 29 baz puana daralarak Ağustos 2007 seviyelerine geldi. Avrupa tarafında Almanya 10 yıllık tahvili %0.55’e yükselirken, Merkez bankası toplantısından sürpriz çıkmayan İngiltere’de piyasalar 2018’de faiz artışı öngörmüyor, 10 yıllık kıymet %1,43 seviyesine yükseldi. İtalya 10 yıllık kıymeti ise %1.93 getiri seviyesine kadar satış yedi. Dolardaki rahatlama ile birlikte Türkiye 5 yıllık CDS 235-240 bandına yerleşti, dün 260 seviyelerine kadar yükseliş izlenmişti. 2028 vadeli kıymet 95,75’lerden alıcı buldu. ABD & Avrupa Hisse Senedi Piyasaları 10 Mayıs Perşembe günü ABD piyasaları özellikle Telekom, sağlık ve teknoloji sektörü hisselerinden destek alarak artı kapanışlar sergiledi. Açıklanan ekonomik verilere baktığımızda haftalık işsizlik başvuruları azalmaya devam ederken 219 bin beklentisinin altında 211 bin olarak gerçekleşti. Devam eden başvurular 1,8 Milyonun altında 1,79 Milyon olarak açıklandı. Tüketim enflasyon tarafında aylık manşet beklenti 0,3% artış iken 0,2% artış gösterdi ve manşet yıllık olarak 2,5% beklentisinin üzerinde 2,5% olarak gerçekleşti. Çekirdek tarafta aylık 0,2% beklentisinin altında 0,1% ve yıllık 2,2% beklentisinin altında 2,1% olarak açıklandı. Dow Jones endeksi 196 puan artışla 24739 seviyesinden, S&P 500 endeksi 25 puan değer kazancıyla 2723 seviyesinden ve Nasdaq 65 puan artışla 7404 seviyesinden günü sonlandırdı. 20, 50 ve 200 gho’nın üzerinde işlem gören S&P 500 endeksi çıkışını sürdürerek 2750 ve 2800 dirençlerini hedeflemiş gözüküyor. ABD endekslerinde hareketlik gösteren hisselere baktığımızda Exxonmobil 2,2%, United health 1,96% ve Verizon 1,7% değer kazanarak endeksleri yukarı çekti. Volatilite endeksi VIX endeksi bugün -1,8% değer kaybederek 13,17’e ulaştı. Apple 190.04 ile yeni zirve yaptı. Avrupa piyasaları genelde pozitif kapanış ile sonlandırdı. DAX100 0,62% ve FTSE100 0,50% ile en fazla değer kazanan endeks olurken FTSE MIB -0,96% ile en fazla kaybeden oldu. Eurostoxx50 ise 0% ile yatay kapattı. DAX 100 endeksi 0,62% kazanırken, altyapı ve Temel maddeler hisseleri alımlarda etkili oldu. Telekom sektörü hisseleri ise en zayıf performans sergileyenlerdi. Linde ve Merck sırasıyla 2,06% ve 1,56% kazanarak en çok alım gören hisseler olarak dikkat çektiler. Yarın ABD tarafında ekonomik gündemde İthalat fiyata endeksi ve Michigan uni. Hissiyat endeksi anketleri yer alacak. Emtia & FX Vadeli Kontratları (Futures) Zayıf gelen TÜFE verisi ile düşüş trendini kıran EURUSD, 1,1946 seviyesine kadar yükseldi. 200 günlük hareketli ortalama direnci 1,2019 seviyesinde bulunuyor. Merkez Bankası kararından sürpriz çıkmasa da, %2 enflasyon hedefine 2 yıl içinde ulaşılabileceği açıklamasıyla, piyasalar 2018 faiz artışı beklentisini sıfıra düşürdü. Pound, NZD’den sonra G10 para birimleri arasında dolara karşı en fazla değer kaybeden oldu. Gün içinde 1,3460 seviyesine kadar gerileyen GBPUSD, kapanışı 1,3550 seviyelerindeki 200 günlük hareketli ortalama altında, 1,3520’lerden yaptı. Güne 1312’den başlayan spot altın %0.66 primle 1321 seviyesinden kapandı. Gümüşteki prim ise %1.4’ü buldu ve 100 günlük h.o. üzerinde kapanış kaydedildi. 16,82 seviyelerindeki 200 günlük ortalama direnci önemli olacak. 78 seviyesine kadar tırmanan aktif vade brent petrol günü 20 cent artışla 77,40 seviyelerinden kapattı. Aktif vade WTI petrol 71,89 zirvesinden sonra 71,40 seviyelerinden alıcı buluyor. Uluslararası Sermaye Piyasaları Benchmark Tahviller Fiyat Getiri Türkiye 97.000 6.406 Brezilya 95.855 5.151 Rusya 96.778 4.730 Güney Afrika 97.280 5.220 ABD 99.359 2.949 Almanya 99.584 0.542 5 Yıllık CDS GIP 234 185 N/A N/A Türkiye Brezilya Rusya Güney Afrika Değişim (bps) -13 -16 N/A N/A Hisse Senedi Piyasaları Kapanış Değişim % Dow Jones 24,739.53 0.80 S&P 500 2,723.07 0.94 NASDAQ 7,404.98 0.89 Almanya 13,012.05 -0.08 İngiltere 7,701.76 0.01 Fransa 5,527.15 -0.34 Japonya 22,758.48 1.16 Şangay 3,163.26 -0.35 Hong Kong 31,122.06 1.02 Brezilya 85,861.20 1.89 Emtia Piyasaları Kapanış 71.360 1,321.600 16.723 6,917.00 Değişim % 0.31 0.68 1.40 1.57 EUR/USD USD/JPY USD/CAD GBP/USD AUD/USD NZD/USD USD/CNH USD/TRY USD/RUB USD/ZAR Döviz Dünkü Seviye 1.1915 109.4000 1.2767 1.3519 0.7532 0.6962 6.3259 4.2529 61.7002 12.2908 Değişim % 0.54 -0.31 -0.68 -0.21 0.92 -0.36 -0.55 -1.29 -2.40 -2.04 Dow Jones Mini S&P 500 Mini DAX EUR/USD TREASURY 10Y Futures Dünkü Seviye 24,692.00 2,718.75 13,024.50 1.1957 119.39 Değişim % 0.78 0.84 0.52 0.53 0.10 Petrol Altın Gümüş Bakır 5/11/2018
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 102.109 104.091 104.039 101.366 98.935 102.326 89.727 98.726 105.726 87.199 90.001 89.527 95.875 96.785 139.798 109.552 97.777 101.639 96.210 88.308 77.057 93.686 83.997 103.885 106.496 106.353 105.218 96.814 102.484 104.466 104.414 101.741 99.310 102.701 90.102 99.176 106.176 87.649 90.451 89.977 96.125 97.235 140.673 110.427 98.652 102.514 97.085 89.058 77.807 94.436 84.747 104.260 106.996 106.853 105.843 97.439 4.35 4.60 4.91 5.11 5.43 5.64 5.70 6.01 6.31 6.33 6.43 6.60 6.68 6.48 6.86 6.99 7.10 7.09 7.09 7.04 6.80 7.16 7.05 1.41 1.80 2.43 2.97 3.77 3.89 4.35 4.72 4.97 5.32 5.54 5.61 5.92 6.23 6.25 6.36 6.53 6.64 6.41 6.77 6.90 7.01 7.01 7.01 6.97 6.72 7.09 6.98 1.00 1.56 2.28 2.83 3.67 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+ 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 -0.82% -1.31% -1.52% -1.76% -2.44% -2.96% -2.85% -3.28% -4.28% -3.72% -3.99% -4.50% N/A -3.85% -5.56% -3.97% -4.78% -4.65% -4.68% -4.61% -3.40% -4.11% -4.01% -0.96% -1.19% -1.63% -1.83% -2.98% -4.42% -5.21% -5.01% -3.92% -4.06% -5.35% -3.66% -6.28% -8.26% -7.55% -8.09% N/A N/A -8.31% -11.57% -11.09% -12.33% -12.52% -12.79% -12.99% -12.72% -14.51% -13.30% -4.90% -2.77% -1.83% -1.66% N/A XS1111101314 USM0375YAK49 XS1210422074 XS1574750292 XS1772360803 XS1082151868 XS0927211754 XS1301525207 XS1089556358 XS1396282177 XS0848940523 XS1109959467 XS0910932788 XS0907295942 XS0975576165 XS1577950402 XS0774764152 XS1345632811 XS1028943089 XS1684378208 XS1496463297 XS1814962582 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 EUR USD 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 4.00 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 6.13 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 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 5/3/2024 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 97.553 95.146 90.513 97.937 94.000 99.428 92.875 100.682 97.375 98.194 92.481 103.220 92.790 30.000 99.942 92.772 100.083 97.625 95.524 90.990 92.992 95.314 93.868 96.512 100.619 92.884 100.998 99.085 100.372 95.529 97.086 94.461 101.085 97.258 92.473 91.761 92.134 99.346 99.861 97.950 95.645 96.111 95.493 94.125 101.007 93.530 94.147 97.200 96.920 98.178 95.771 91.138 98.937 95.000 100.428 93.875 102.682 98.375 100.694 93.231 104.220 93.540 40.000 100.391 93.772 100.708 98.250 96.149 91.615 93.622 95.939 95.868 98.512 101.244 93.509 101.998 99.710 100.997 96.154 97.711 95.461 101.835 98.258 93.473 92.761 93.134 99.846 100.486 98.575 96.270 96.736 96.118 95.125 102.507 94.155 95.147 97.950 97.670 5.53 6.27 6.88 7.83 7.74 6.78 NA 10.18 5.44 9.47 5.29 2.85 6.76 NA 4.88 5.58 5.78 6.33 6.50 6.67 6.94 7.10 7.57 8.46 5.57 6.94 2.48 5.42 6.11 6.45 6.59 7.46 7.64 7.50 8.67 8.16 7.85 5.39 5.65 6.13 6.57 6.67 6.82 7.58 7.62 7.49 8.27 5.03 5.99 5.13 6.10 6.76 7.52 7.59 5.84 NA 9.29 4.54 8.47 5.09 2.54 6.57 NA 3.68 5.39 5.09 6.08 6.29 6.50 6.80 6.97 7.05 8.12 4.90 6.75 1.60 4.96 5.87 6.28 6.43 7.31 7.31 6.48 8.00 7.73 7.48 4.12 4.96 5.78 6.34 6.46 6.64 7.30 7.29 7.36 8.12 4.61 5.81 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+ 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 500 500 500 500 400 350 250 250 300 500 350 500 250 500 500 750 500 500 500 500 500 300 500 750 500 750 500 750 500 750 250 500 750 500 500 750 500 750 750 750 600 1,000 400 1,250 500 750 750 200,000 150,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 100,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 100,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 -1.42% -3.03% -4.53% -4.05% -4.81% -0.08% N/A -0.38% -0.94% -2.46% -1.35% -2.01% -5.42% -9.09% -0.36% -3.95% -1.29% -2.60% -3.13% -3.95% -5.02% N/A -4.06% -3.55% -0.87% -3.21% -1.35% -1.43% -2.34% -3.48% -3.10% -2.50% -0.82% -0.83% -1.62% -2.18% -2.56% -0.32% -0.80% -1.58% -2.17% -2.22% -2.69% -3.39% -2.74% -3.50% -3.95% -0.91% -3.84% -2.38% -5.17% -7.35% -7.01% N/A N/A -6.59% N/A -2.27% -6.91% -2.24% -1.47% -7.38% 66.67% -2.69% N/A -3.97% -4.99% -5.65% N/A -7.18% N/A N/A -5.09% -4.10% N/A -2.20% -3.24% -5.42% -5.86% -6.04% N/A -4.36% -2.78% -4.63% -6.35% -6.28% -0.72% -2.90% -2.99% -4.41% -4.55% -5.06% -6.07% -5.59% -7.91% N/A -2.84% -5.94% US900123CQ19 Şirket Tahvilleri 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 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 5/11/2018
3. 3 KUVEYT T ÜRK KUVEYT TÜRK MERSİN LİMAN ODEABANK ŞİŞECAM TSKB TSKB TSKB TSKB TSKB 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 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 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 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 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 99.955 100.975 100.860 93.092 98.627 99.150 97.512 95.261 91.309 95.536 96.270 93.250 98.790 91.980 101.000 99.690 100.572 100.425 96.736 95.112 93.595 93.597 97.915 97.203 100.097 99.358 96.855 92.598 96.426 92.057 102.289 95.455 94.975 98.523 95.555 94.806 92.122 91.616 91.403 100.955 102.975 101.360 94.092 99.127 99.900 98.262 96.011 92.059 97.536 97.020 94.250 99.290 92.730 101.500 100.315 101.572 102.085 97.361 95.737 94.595 94.222 98.915 99.203 100.597 99.983 97.480 93.598 97.051 92.682 103.289 96.080 95.975 99.148 96.180 95.431 92.747 92.366 92.153 5.20 7.49 5.14 9.21 4.99 5.99 6.51 6.64 7.75 8.76 6.39 6.74 4.90 6.49 4.28 5.68 2.96 2.23 6.57 7.03 7.72 7.38 8.19 8.77 5.06 5.59 5.98 7.44 6.84 7.49 7.57 7.23 11.80 5.61 6.42 6.63 6.90 8.05 6.14 4.27 6.69 4.73 9.04 4.72 5.45 6.09 6.35 7.55 8.38 6.26 6.60 4.42 6.33 3.74 4.29 2.03 1.65 6.36 6.85 7.45 7.22 7.55 8.22 4.14 5.13 5.58 7.17 6.64 7.36 7.18 7.07 11.20 5.03 6.18 6.45 6.76 7.85 5.99 NA/BBBNA/BB+ Ba1/BBBB2/B+ Ba1/NA Ba2/BB+ Ba2/BB+ Ba2/BB+ Ba2/BB+ B2/BBBa1/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- 500 350 450 300 500 350 350 300 350 300 500 500 500 500 500 500 500 500 500 500 672 650 500 228 500 550 500 1,000 600 500 500 500 250 750 500 600 500 500 700 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 100,000 100,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 -0.77% -2.32% -0.93% -2.25% -1.11% -1.47% -1.79% -2.31% -5.47% -3.83% -5.19% -4.11% -0.45% -5.21% -0.49% -0.47% -1.08% -1.16% -2.20% -2.87% -3.42% -3.48% -1.95% -3.88% -0.55% -1.10% -1.08% -3.23% -2.73% -3.97% -2.68% -3.31% -2.71% -1.00% -2.37% -2.74% -3.77% -5.60% -3.75% -3.03% -5.66% -4.08% N/A -1.83% -3.17% -3.23% -3.36% N/A -7.32% -7.24% N/A -1.93% -6.70% -2.30% -1.91% -1.41% 0.68% -4.01% N/A -6.08% N/A -3.85% -7.06% -1.76% -2.30% -2.10% -5.25% -4.87% N/A -4.69% N/A -8.09% -2.09% -4.49% -5.13% 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 103.625 123.500 98.200 138.500 122.900 104.000 124.750 98.600 139.500 123.750 7.84 4.33 4.57 4.81 5.98 7.76 4.12 4.50 4.69 5.91 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 0.06% -1.20% -1.31% -1.42% -3.04% 5.26% -2.37% -1.01% -3.48% -2.77% USP3772WAF97 USG1315RAD38 USG1315RAG68 US10553YAF25 USP1905CAE05 USG2583XAA93 US31572UAE64 US46556MAF95 USA29866AA70 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 EUR EUR USD USD USD USD USD 9.00 PERP 103.200 5.75 4/15/2021 103.250 5.38 5/2/2022 102.100 6.45 2/3/2024 106.200 4.75 5/22/2024 91.200 6.88 9/21/2019 99.750 5.25 5/12/2024 101.500 5.65 3/19/2022 100.850 7.75 10/28/2020 101.250 6.88 6/24/2019 101.650 7.75 1/31/2023 103.000 5.38 1/27/2021 102.900 8.38 5/23/2021 112.050 4.38 5/20/2023 97.280 6.25 3/17/2024 103.800 5.88 3/7/2022 114.600 4.75 1/14/2025 107.900 6.85 6/5/2115 92.250 5.88 1/23/2021 103.750 7.25 4/5/2041 104.000 7.25 4/5/2041 104.000 4.38 1/11/2022 100.700 104.050 104.000 102.850 106.950 92.200 100.500 102.250 101.600 102.000 102.150 103.750 103.400 112.400 97.680 104.300 115.000 108.400 93.000 104.500 105.000 105.000 101.300 8.32 4.55 4.79 5.18 6.54 7.06 4.96 5.40 6.83 5.32 NA 4.22 4.09 4.99 5.48 1.87 3.40 7.43 4.38 6.90 6.90 4.17 8.14 4.28 4.58 5.03 6.33 6.47 4.81 5.18 6.28 2.76 NA 4.03 3.98 4.90 5.38 1.77 3.32 7.37 4.09 6.81 6.81 3.99 B2/NA Ba1/BBBBa1/BBBBa1/BBBBa2/BBBB3/B- *Ba1/BBBBa3/B+ NA/BB- *B2/BBWR/WD Ba2/BBBa2/BBBa2/BBBa2/BBBa2/BBBa2/BBBa2/BBBa1/BBBBa2/BBBBa2/BBBBa1/BBB+ 2,170 1,000 500 750 750 547 600 1,250 1,000 508 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 2,000 2,000 2,000 2,000 100,000 100,000 2,000 100,000 200,000 200,000 2,000 -4.88% -1.08% -1.59% -2.79% N/A N/A N/A -2.56% N/A N/A N/A -1.29% -1.58% -1.24% -2.17% -0.48% -1.91% -3.40% N/A N/A N/A -1.37% -1.71% -1.43% -0.87% -0.75% -7.88% 14.66% -2.78% -3.95% -2.64% -2.02% -0.48% 0.39% -0.97% 1.33% 0.05% 1.96% 2.76% 2.50% -2.49% 1.71% 1.71% -0.89% XS0504954347 XS0971721450 XS0088543193 XS0971721963 USD USD USD USD 5.00 4.88 12.75 5.88 101.968 103.260 161.050 106.000 102.468 103.660 161.650 106.850 3.94 4.19 4.99 5.44 3.68 4.10 4.93 5.38 Ba1/BBBBa1/BBBBa1/BBBBa1/BBB- 3,500 3,000 2,500 1,500 100,000 200,000 10,000 200,000 0.05% 0.26% 0.09% -0.60% -4.35% -4.65% -8.44% -7.75% XS0620695204 XS0424860947 XS0906946008 XS0290580595 XS0987109658 XS0779213460 USD USD EUR USD EUR USD 7.75 4/28/2021 106.515 9.25 4/23/2019 104.510 3.39 3/20/2020 102.900 6.51 3/7/2022 105.410 3.98 10/30/2018 100.546 7.25 5/3/2019 101.010 108.015 105.010 103.600 106.210 101.246 102.010 5.33 4.29 1.78 4.93 2.72 6.15 4.80 3.76 1.40 4.71 1.23 5.09 Ba1/BB+ Baa3/BBBBaa3/BBBBaa3/BBBBa2/BB+ B2/BB 1,000 2,250 1,000 1,300 1,000 500 200,000 100,000 100,000 100,000 100,000 200,000 2.31% 0.07% 0.82% 1.70% -0.24% -0.22% -6.46% -6.65% -2.42% -4.95% -3.32% -5.82% Brezilya Ülke Tahvilleri Şirket Tahvilleri BANCO DO BRASIL BRASKEM BRASKEM BRASKEM BRF CSN ISLANDS XI FIBRIA ITAU UNIBANCO JBS MARFRIG MINERVA PETROBRAS PETROBRAS PETROBRAS PETROBRAS PETROBRAS PETROBRAS PETROBRAS SUZANO VOTORANTIM VOTORANTIM VALE Rusya Ülke Tahvilleri 4/29/2020 9/16/2023 6/24/2028 9/16/2043 Şirket Tahvilleri ALFA BANK GAZPROM GAZPROM GAZPROM GAZPROMBANK GAZPROMBANK Uluslararası Sermaye Piyasaları 5/11/2018
4. 4 GAZPROMBANK LUKOIL LUKOIL LUKOIL LUKOIL NORILSK PROMSVYAZ BANK ROSNEFT RUSSIAN AGRI BANK RUSSIAN STD BANK SBERBANK SBERBANK SBERBANK SBERBANK SBERBANK VIP VNESHECONOMBANK VTB BANK XS0975320879 XS0461926569 XS0554659671 XS0304274599 XS0919504562 XS1298447019 XS1086084123 XS0861981180 XS0979891925 XS1117280625 XS0799357354 XS0638572973 XS0848530977 XS0935311240 XS1032750165 XS0643183220 XS0993162170 XS0842078536 USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD USD 7 .50 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 12/28/2023 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 100.000 104.062 103.732 106.436 98.550 104.820 0.010 97.310 106.729 20.000 100.728 102.250 97.901 98.016 99.278 106.875 99.728 101.543 101.000 104.662 104.432 107.236 99.350 106.020 8.000 98.210 108.229 30.000 101.528 103.250 98.901 99.016 100.278 107.875 100.328 102.543 7.47 4.37 4.52 4.89 4.90 5.38 NA 4.98 6.99 69.55 4.50 4.92 5.66 5.71 6.45 5.47 4.76 6.54 5.81 3.96 4.23 4.68 4.71 5.08 164.31 4.72 6.66 51.86 3.77 4.57 5.41 5.48 5.12 5.19 3.58 6.28 NR/BB 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 750 600 1,000 500 1,500 1,000 2,000 500 545 1,000 1,000 2,000 1,000 1,000 601 850 1,412 200,000 100,000 200,000 100,000 200,000 200,000 200,000 200,000 200,000 164,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 200,000 -0.62% 0.20% 0.35% 0.06% 2.28% 4.44% 0.00% 3.12% 2.56% 0.00% 0.52% N/A 0.36% 0.57% 0.91% -0.70% 0.09% 2.59% -4.53% -6.08% -5.57% -5.05% -3.57% -6.93% -99.99% -2.84% -7.39% -64.60% -4.25% -5.47% -5.27% -4.95% -3.03% -5.53% -2.56% -6.88% 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 33.000 29.650 30.650 27.600 29.600 29.650 29.650 28.100 36.000 30.550 31.650 28.600 30.600 30.650 30.550 29.000 812.12 32.85 30.08 33.04 55.51 38.17 38.62 124.54 711.11 32.07 29.22 32.14 54.06 37.06 37.72 120.86 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 -16.03% -6.76% -9.85% -5.32% -9.76% -8.20% -8.20% -5.70% -57.56% -42.71% -34.65% -40.96% -48.74% -45.09% -45.99% -48.58% USP7807HAM71 XS0294364954 USD USD 12.75 2/17/2022 5.38 4/12/2027 28.200 25.100 29.000 25.850 62.29 30.08 60.92 29.40 NA/C NA/C 3,000 3,000 100 400 -15.32% -8.06% -51.59% -33.95% US91087BAA89 US91086QBF46 USD USD 3.60 4.60 97.000 91.750 97.400 92.500 4.12 5.16 4.05 5.11 A3/BBB+ A3/BBB+ 2,454 3,000 200,000 200,000 -1.92% -3.93% -3.63% -5.12% 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 104.250 4.38 4/10/2024 98.800 4.88 1/15/2024 101.000 6.50 12/10/2019 103.000 5.70 1/11/2025 97.750 7.25 1/15/2021 103.750 6.00 4/1/2024 101.100 5.13 3/15/2023 111.600 3.50 1/30/2023 94.350 6.63 PERP 96.700 105.000 99.550 101.750 104.000 98.500 104.750 101.850 111.900 94.850 97.700 4.87 4.61 4.67 NA 6.11 NA 5.68 2.54 4.86 6.91 4.59 4.46 4.52 NA 5.97 NA 5.46 2.48 4.73 6.84 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 -4.14% -4.54% -1.70% 0.00% -4.87% 0.00% -2.37% N/A -1.97% -3.78% -4.36% -4.08% -2.88% -2.37% -6.46% -3.04% -4.40% -0.67% -1.72% -3.06% US040114GL81 US040114GK09 USD USD 8.28 12/31/2033 102.750 2.50 12/31/2038 63.250 104.250 64.250 7.88 7.66 7.67 7.53 B2/WD B2/WD 3,966 5,297 1 1 -6.59% -5.63% -8.09% -4.82% USP989MJBE04 USD 8.50 7/28/2025 104.000 105.000 7.76 7.58 B2/B 1,500 1,000 -6.31% -8.65% 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 103.211 99.059 104.172 92.373 103.511 99.559 104.672 92.998 3.65 4.86 5.18 5.95 3.49 4.75 5.10 5.90 Baa3/BB+ Baa3/BB+ Baa3/BB+ Baa3/BB+ 1,619 1,500 2,000 1,000 100,000 100,000 200,000 200,000 -0.47% -1.28% -2.19% -3.49% -2.78% -2.89% -4.10% -6.93% 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 101.938 98.335 99.589 95.347 99.936 102.568 99.085 100.339 95.847 100.561 4.61 6.43 7.20 5.25 3.93 4.45 6.12 7.06 5.11 3.62 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 -0.78% -0.25% -2.04% -2.18% -0.57% -2.08% -2.97% -4.01% -1.60% -1.30% XS1044540547 USD 4.75 3/18/2024 98.614 99.114 5.03 4.93 Ba2/BB+ 1,250 200,000 -2.14% -2.41% XS0903465127 XS1196496688 USD USD 4.75 6.95 3/13/2023 3/18/2030 98.387 105.223 98.887 106.223 5.13 6.32 5.01 6.20 Ba2/BB+ NR/BB+ 1,000 750 200,000 200,000 -1.46% -2.87% 0.34% -1.31% 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 5/11/2018
5. 5 G ürcistan Şirket Tahvilleri GEORGIAN RAILWAY XS0800346362 USD 7.75 7/11/2022 105.750 106.750 6.16 5.89 NA/B+ 500 200,000 -2.43% -4.08% XS1120709669 XS1263054519 XS1120709826 XS1263139856 USD USD USD USD 3.88 10/14/2024 99.803 5.13 7/21/2025 105.929 4.88 10/14/2044 96.955 6.50 7/21/2045 117.993 100.303 106.429 97.705 118.743 3.91 4.16 5.09 5.25 3.82 4.08 5.03 5.20 Baa3/BBB Baa3/BBB Baa3/BBB Baa3/BBB 1,500 2,500 1,000 1,500 200,000 200,000 200,000 200,000 -1.40% -2.15% -2.92% -2.26% -1.14% -2.64% -1.67% -0.47% XS0934609016 XS0867478124 USD USD 4.63 5/24/2023 5.50 12/21/2022 97.050 98.750 98.050 99.750 5.30 5.81 5.07 5.56 Ba1/BBBNA/BB- *+ 961 750 200,000 1 -1.99% -0.40% -2.36% 5.33% GR0114030555 GR0124034688 GR0128015725 GR0133011248 GR0138015814 GRR000000010 EUR EUR EUR EUR EUR EUR 3.50 1/30/2023 102.050 3.75 1/30/2028 97.950 3.90 1/30/2033 93.250 4.00 1/30/2037 90.900 4.20 1/30/2042 90.800 0.00 10/15/2042 0.379 102.350 98.250 93.550 91.250 91.150 0.439 3.02 4.01 4.54 4.74 4.86 NA 2.96 3.97 4.51 4.71 4.83 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 7.98% N/A N/A N/A N/A N/A 87.62% US06120TAA60 XS0937236783 XS1200439609 USG21895AC44 XS1165659357 USY39656AA40 XS0920864708 USD USD USD USD USD USD USD 5.00 11/13/2024 101.917 6.50 6/4/2018 100.000 7.50 3/10/2020 80.000 5.95 4/28/2041 122.238 4.50 1/16/2020 100.690 6.00 PERP 101.900 4.50 5/3/2018 99.850 102.179 100.250 84.000 123.457 100.858 102.100 100.250 4.65 6.32 22.39 4.40 4.07 4.64 NA 4.61 1.71 19.22 4.33 3.96 4.51 NA Baa3/BBB+ B1/NA NA/WD A2/A+ Baa1/A Ba2/NA WR/NR 3,000 400 427 500 1,200 2,940 - 200,000 200,000 200,000 200,000 200,000 200,000 200,000 -1.21% -0.30% 0.00% -1.44% -0.53% -0.88% 0.00% -4.36% -1.62% 3.90% 0.34% -2.18% -3.32% 0.30% XS1133588233 US759468AC51 USD USD 4.75 11/12/2019 100.125 5.40 2/14/2022 104.309 100.625 104.598 4.66 4.14 4.31 4.06 Ba2/BB Baa2/NA 500 1,500 200,000 250,000 -0.87% -0.98% -1.11% -4.39% USY7138AAA89 USD 5.25 103.125 103.500 4.14 4.01 Baa2/BBB 1,000 200,000 -1.08% -3.51% USP9451YAC77 USD 5.88 10/30/2021 102.000 102.750 5.00 4.68 Ba2/NA 625 150,000 N/A -0.97% 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 4.50 104.243 100.310 103.894 98.750 100.625 97.625 97.500 3.94 4.20 3.85 3.82 4.54 4.31 5.12 3.03 3.87 3.00 3.56 4.45 4.19 4.94 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 -0.80% -0.19% -0.78% -0.64% -1.96% -1.89% 0.00% -5.28% -2.03% -4.55% -1.50% -4.42% -3.66% -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 103.243 100.060 102.894 98.250 100.125 97.125 96.500 5/11/2018