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Turkish Bonds Trade Little Changed as Sentiment Remains Tentative

TURKEY
  • Local & USD rates remain little changed this morning amid tentative risk sentiment coming from APAC.
  • Yesterday’s session saw TurkGB & USD bond yields diverge with the former falling -12-44bp with a bull flattening bias, while the latter rose +3.4-11bp with 5-7Y tenors most offered on the day.
  • TurkGB yields fell in line with USTs, while Turkey’s 5Y CDS once again tested the 600 mark amid the ongoing Ukraine crisis.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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