Trial now
BTP TECHS

(Z1) Erodes Support

BONDS

Off Lows

GILT TECHS

(Z1) Remains Heavy

INDIA

Indian Issuance Plan Looms

SCHATZ TECHS

(Z1) Trend Conditions Remains Bearish

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

EM bonds mostly firmer across the space owing to improved risk appetite post-FOMC. Turkish Bonds leading the pack with both local & USD bonds in the green, followed by SAGBs – also seeing good demand in duration.


  • SA: Local curve trade bull flatter on the day: 10Y -3.8bp, 15Y -4.9bp, 30Y -5.3bp. 30Y eyeing 10.50 support to the downside while the 10Y still teeters on 9.20 support. Sentiment slowly returning to SAGBs after the rioting-induced rout.
  • TURKEY: Turkish bonds seen outperforming today with local bonds firmer across the curve but outperforming in the belly: 3Y -7bp, 10Y -10bp. USD bonds snap muted trading conditions of the past few sessions, also gaining across the curve but notably in 3Y & 10Y yields (-5.8bp & -4.4bp)
  • RUSSIA: Local bonds also firmer today with a slight bull flattening bias: 30Y -3bp while the remainder is 0-1bp lower. 10Y yields seem to have stalled somewhat around 6.80. USD bonds little changed but marginally firmer.