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Market Snapshot: Stocks Fall ~6%, Lira Down -2.45% as Ukraine War Rages

  • USD/TRY +2.43%, at 14.1688, CBRT may be active in supporting the currency after speculation of intervention on Wednesday (~$1-1.5bn)
  • Local & USD rates offered with yields +20-63bp higher. USD bonds suffering more with 2-5Y yields up +33-35bp. TurkGB 2Y is up +63bp, however.
  • Bist 100 Index +5.71%
  • 5Y CDS +23bp
MNI London Bureau | +44 020-3983-7894 |
MNI London Bureau | +44 020-3983-7894 |

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