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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 remain little changed around the open, having traded mixed yesterday. USD bonds continued to diverge TurkGBs with the latter underperforming.
- TurkGB yields rose +53-74bp in yesterday’s session on the back of skyrocketing oil/gas prices with a bear steepening bias holding.
- USD bonds yields remained resilient, however, eking out a -2-11.8bp decline with a bull steepening bias holding. W/w the TurkGB curve stands +75-96bp higher from 2-10Y with the curve maintaining its bear steepening momentum
- . USD bond yields have also turned higher w/w after successive weeks of declines, trading +10-22bp higher across the breadth.
- Credit default swaps have snapped their sideways range, moving +8bp higher to approach the 600 handle on rising energy prices.
TurkGB Curve w/w
USD Curve w/w
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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