Free Trial

Front-End TurkGB Yields Surge as Negative Sentiment Dominates Turkish Assets

TURKEY
  • Local & USD rates open a fraction firmer this morning in line with improved global risk sentiment out of China.
  • TurkGBs accelerated their sell-off yesterday as bearish momentum in Turkish assets gains momentum. Yields soared +79-161bp across the curve with 2-3Y yields most offered.
  • USD bonds yields also bear flattened on the day, rising +19-42bp in 2-3Y tenors.
  • Credit default swaps have also been rising sharply this week as headwinds to the economic gather pace
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

To read the full story

Close

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.