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Local Rates Suffer Fire-Sale Amid UST Upside

TURKEY
  • Local & USD rates unchanged at the open after a weaker session yesterday affecting the entire EM FI space.
  • Local curve bear flattened from the front end: 2Y +60bp, 3Y +49bp, 5Y +30bp, 7Y +44bp, 10Y +11bp.
  • USD curve was less affected, but still very offered between +14-19.2bp higher.
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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