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Local Curve Pulls Back Losses after Risk-Off and CPI Data

TURKEY
  • Local yields track lower at the open in a substantial bull flattener after easing higher in yesterday's session – amounting minor net loss outside of the 7Y.
  • 5Y -9bp, 7Y -25bp, 10Y -10bp, while the USD curve remains unch after selling off 9-12.3bp in yesterday's session – roiled by risk off and a CPI surprise.
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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