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Snapshot: Markets Roiled by Erdogan Comments & Firmer $

  • 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
MNI London Bureau | +44 020-3983-7894 |
MNI London Bureau | +44 020-3983-7894 |

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