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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
TURKEY
- Local rates trade a fraction firmer around the open this morning, having closed last week broadly on the backfoot following another CBRT rate cut to take the 1-wk repo to 15.00%.
- TurkGBs remained under pressure with sentiment deteriorating rapidly as real yields pushed deeper into negative territory, with 4-8Y yields up +74-78bp w/w.
- USD bonds traded bear flatter w/w with 1-5Y yields most offered, up +42-44bp which 15-25Y yields were more contained.
- Turkey's 5Y CDS reached 450, but remains well below similar currency crisis periods (2018) where price action reached as high as 550-620.
TurkGB Curve w/w
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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