Turkey and Egypt See Decline in Credit Default Swap Spreads

Turkey's credit default swap (CDS) spread has decreased by 12 basis points, reaching 240 basis points. According to Jin10, Egypt's CDS spread has also seen a decline, dropping 22 basis points to 327 basis points. These changes in CDS spreads indicate a shift in market perception regarding the credit risk associated with these countries. CDS spreads are often used as a measure of the risk of default, with lower spreads suggesting improved investor confidence in a country's ability to meet its debt obligations.