Free Trial

Rates Curves Lift W/W as Global Risk Sentiment Sours

TURKEY
  • Local & USD rates unch this morning, having seen local markets closed yesterday for Eid al-Fitr.
  • USD rates remained open, however, selling off in line with its EM peers as global risk sentiment soured once again.
  • 3Y yields were most offered for a second session(+11.4bp), with the rest of the curve shifting +4.2-8.3bp higher across the breadth.
  • W/w the local curve closes marginally bear steeper, with the majority of the curve ~10bp higher.
  • Similarly, the USD curve has shifted +10-20bp higher across the 3-25Y portion of the curve.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

To read the full story

Close

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.