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CEMEA Swaps Snapshot: Turkey Leads, Russia Lags

EMERGING MARKETS

Swaps trading mixed across the board today. Turkey leading the way lower, bull flattening. Similarly, SA swaps are bull flatter, but slightly more muted price action. Russia seen lifting +3.5-4bp across the breadth of the curve.


SA

  • 2-year swap is down 0.25 bps at 4.45%
  • 5-year swap is up 1.75 bps at 5.85%
  • 10-year swap is up 4 bps at 7.37%

Turkey

  • 2-year swap down 8.67 bps at 20.06%
  • 5-year swap down 13 bps at 18.69%
  • 10-year swap down 12.33 bps at 17.38%

Russia

  • 2-year swap up 4 bps at 7.13%
  • 5-year swap up 3.5 bps at 7.28%
  • 10-year swap up 4 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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