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Local Rates Ease as Investors Favour Hard FX Bonds

TURKEY
  • Local rates pull back slightly at the open, 2Y +5.0bp, 7Y +9.0bp after a mixed day yesterday.
  • USD rates unch so far, but may look to resume positive momentum as investors favour hard currency bonds over locals.
  • 5Y-10Y tenors outperforming yesterday.
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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