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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 unchanged this morning, having firmed in line with more accommodative risk sentiment in yesterday's session.
- Local bonds outperformer their USD equivalents, with gains concentrated in the belly: 5Y -11bp, 7Y -6bp.
- Similarly, the USD curve saw gains across the breadth of the curve with 3Y & 10Y tenors -5.9bp & -3.9bp respectively.
- W/w the local curve heads into the weekend bull steeper with short-duration leading the way: 3-6m yields -47-53bp lower on week, while 8-10Y yields hold +12-20bp higher.
- W/w Turkey's 5Y CDS trades -4.063bp lower, pressuring lateral support at 380.
TurkGB Curve w/w Change
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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