Free Trial

Selling Momentum Slows in TurkGBs, 5Y CDS Resumes Uptrend

TURKEY
  • Local & USD rates remain unchanged so far this morning, having seen selling momentum slow somewhat in TurkGBs for a mixed close overall, despite higher UST yields.
  • 3Y yields fell -4bp, 5Y -1bp & 7Y -1bp, while 10Y yields ended +10bp higher.
  • USD bonds, however, continued to weaken +8-12.4bp across the breadth of the curve with no sign of letting up – 3-5Y Yields were most offered on the day at +11.2-12.4bp.
  • Turkey's 5Y CDS continued to rise in yesterday's session (+4.113bp) with price action topping 435
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.