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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.
TURKEY
- Local & USD rates trade little changed around the open, having regained some composure in yesterday's session after Tuesday's aggressive sell-off.
- W/w the situations still looks pretty grim in TurkGBs with the curve +175-188bp higher in 1-3Y yields as markets anticipate emergency corrective policy measures from the CBRT to offset acute currency weakness.
- Similarly, USD bonds stand +37-44bp bear flatter in USD bonds with the remainder of the curve +10-20bp higher on week.
- Turkey's 5Y CDS pulled back -11bp from a awing high of 489, but remain +31bp higher since Monday.
TurkGB curve w/w
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
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.
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