Update: TURKEY YIELDS and BIST 100

Below are two updated charts on an earlier theme I discussed on this blog. Relative performance ratio between 2 year government bond yields and 10 year government bond yields is breaking above a critical threshold and repeating the same cycle of late 2011. Short-term yields are outperforming the long-term yields and the selling pressure remains intact on the equity index. As long as the 2YR / 10YR ratio trends higher, equity market will remain under pressure and yields will suggest further upside.