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Rates Find Relief as Tensions With the West Recede, TurkGBs Bull Flatten

TURKEY
  • Local & USD rates remain unchanged this morning, having firmed yesterday on the back of reduced geopolitical tension with the West.
  • TurkGBs closed bull flatter on the day with the 5-10y section of the curve dipping -19-31bp.
  • Similarly, USD bonds also saw a notable relief rally, closing -17-21bp lower across the breadth of the curve with gains distributed evenly with a marginal bull steepening bias.
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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