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Local Bonds See Net Bear Steepening W/W, Risk Premia Find Support at 380

TURKEY
  • Local & USD rates unch this morning, having closed last week broadly weaker across the curve.
  • Local bonds observed a net bear steepening last week with 8-10Y yields lifting +31-43bp, while 3m-1Y yields rose +23-30bp and 2-6Y yields traded 0-16bp higher.
  • Similarly, the USD curve also traded higher across the breadth with the 5-10Y section most offered (+10-11bp) and 15-25Y yields +8bp higher.
  • Risk premia also rose +5.297bp w/w, with the 5Y CDS finding support at 380.

  • TurkGB Curve W/W change


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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