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Risk Premia Slip as 5Y CDS Pares Early Upside, Local Markets Remain Closed for Eid

TURKEY
  • Local bond and stock markets remain closed due to Eid celebrations, with hard currency USD Turkish bonds open, but mostly subdued.
  • Turkey's 5Y CDS has made a strong turnaround from Monday's session, paring the entire move from 380-390.
  • A move through June 25 lows at 379.269 opens up the 11 June swing low at 366.786.
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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