Free Trial

Bull Flattening Momentum Holds in TurkGBs w/w

TURKEY
  • Local & USD rates remain unch this morning, having closed firmer against the grain in EM following a hot US CPI print at 0.6% m/m vs 0.4% exp that drove UST yields sharply higher.
  • TurkGB yields fell -24-26bp in 5 & 10Y tenors, holding onto bull flattening momentum on a weekly basis.
  • USD bond yields also held -4.5-12.5bp lower across the curve with 3-5Y tenors most bid on the day.
  • W/w the TurkGB curve heads into the weekend lower across the breadth and -69-83bp bull flatter in 7-10Y tenors.

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.