ISTANBUL Türkiye’s credit debt swap ( CDS ) fell below 250 basis points, Finance Minister Mehmet Şimşek said, adding that this shows confidence in the government’s economic program. The country’s CDS has dropped to its lowest level since February 2020, Şimşek wrote on social media platform X. “While the decrease in May 2023 was an average of 49 basis points in developing countries, it was 456 basis points in our country,” he noted. The decline in Türkiye’s CDS is one of the most concrete