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Local Bonds Snap Multi-Day Losing Streak, Supporting TRY

TURKEY
  • Local & USD rates Unch this morning.
  • Yesterday's session saw both local & USD bonds snap a multi-day losing streak to close firmly in the green – supporting TRY in the process.
  • Local bonds closed -12-17bp lower across the curve, leading their hard currency equivalents slightly.
  • USD bonds ended -7.4-12.2bp lower with price action biased towards a bull steepening of the curve.
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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