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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 & USD rates remain unchanged this morning, having slipped into the red in yesterday’s session.
- TurkGB yields rose +3-28bp across the curve with 7Y yields most offered following CPI & PPI data, which surged to 48.69% y/y & 93.53% y/y respectively as delayed FX-passthrough pushed prices higher into Jan, as expected. This gives turkey a concerning -34.69% negative real yield, with room to widen more in the coming months as the peak approaches in May around 50-55%.
- W/w The TurkGB curve has retained its bull steepening bias, with 3m-2Y tenors -110-134bp lower going into the weekend.
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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