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- USD/TRY +1.35% on the day after moving through yesterday's high
- Now challenging 7.4679 Res, Next Res: 7.4976
- Rates market mixed:
- Local yields lower in the belly -8.0bp to -13bp
- USD yields +6.3 to +11bp across the curve, 7Y most offered
- 1m implied volatility ticking up
- 5Y CDS +3.49%
- All following Erdogan's comments about rate cuts & inflation