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Local Bonds Take A Knock After the Eid Break

TURKEY
  • Local & USD rates unchanged this morning, having come under selling pressure yesterday as markets played catch-up after the extended Eid holidays.
  • Local bonds were most offered, bear steepening +21bp in the 10Y tenor & +10bp in the 7Y.
  • USD bonds were little changed on the day, but marginally softer.
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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