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CEMEA Swap Snapshot: Russia Headed Higher, Turkey Subdued Over Eid

EMERGING MARKETS
  • Swap rates mostly higher across the board this morning, with Russia leading the charge, while Turkey holds flat to slightly lower due to Eid holiday celebrations.

SA

  • 2-year swap is up 2 bps at 4.362%
  • 5-year swap is up 1 bps at 5.9%
  • 10-year swap is down 0 bps at 7.56%

Turkey:

  • Turkey- 2-year swap down 0.67 bps at 19.7%- 5-year swap down 0 bps at 18.43%- 10-year swap down 0 bps at 17.05%

Russia:

  • Russia- 2-year swap up 9 bps at 7.05%
  • 5-year swap up 12 bps at 7.26%
  • 10-year swap up 12 bps at 7.44%
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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