Eyeing An Easing Of Covid Restrictions

Summary:

• President Erdogan yesterday indicated that a plan would be announced in the coming days on lifting Covid-related restrictions and paving the way for a normalization of economic activity.
• According to the Turkish Health Ministry, more than 5 million people have been vaccinated with the first dose of China's Sinovac Biotech Covid vaccine.
• Greece has indicated that the foreign ministry has made a complaint to Ankara after a Turkish research vessel was sent to the Aegean Sea. Although the ship is operating in international waters, Athens contends that maritime advisories in that part of the Aegean must be issued by Greece.
• BBG notes that Turkey has sold USD11.5bn of debt so far this year, with total issuance down 6.3%, while foreign currency debt issuance was up 33%.
• There are no data points of notes in today's calendar.
• Equities inch higher at the open and last trade at 1554 (+6.49), while USDTRY holds steady at 6.9809