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3Y Local Catches a Bid, while USD Bonds Slide

TURKEY
  • Local & USD rates Unch so far this morning, having trade mixed in yesterday's session.
  • The Local curve steepened from an aggressive bid in 3Y yields (-37bp) while the rest of the curve was only marginally lower.
  • Conversely, USD bonds softened slightly, closing +2.5-5.2bp higher across the breadth of the curve with the belly (5-7Y) most offered.
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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