Free Trial

Bear Steepening Inertia Hold in TurkGBs W/W

TURKEY
  • Local & USD rates trade mixed this morning, with TurkGBs trimming yesterday’s losses and USD bond yields +1-5bp higher.
  • TurkGBs remained under pressure in yesterday’s session with yields rising +54-81bp across the curve as bear steepening momentum remained intact.
  • W/w the TurkGB curve stands +123-168bp higher across 2-10Y tenors, while the USD curve has been more resilient at +9-18.7bp.
  • Credit default swaps also continued to tick higher – gaining +14.4bp this week on the back of rising energy prices.
  • TurkGB Curve w/w


MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.