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5Y CDS Notches Up +14bp on Russia-Ukraine Tensions

TURKEY
  • Local & USD rates remain Unch this morning, having slipped into the red in line with the broader EM FI space as global risk sentiment soured over Russia-Ukraine tensions.
  • TurkGB yields rose +4-32bp across the curve with the 2Y most offered, while USD bond yields rose +10.1-12.7bp.
  • Credit default swaps saw gains across the EM space, but notably reflected Turkey’s specific sensitivity to a potential crisis in Russia with the 5Y CDS holding onto its +14bp in gains yesterday.
  • Turkey 5Y CDS


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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