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Stocks & Bonds Diverge as the Bist100 Slides -1.55%

TURKEY
  • Local & USD rates unch this morning, having firmed in yesterday's session.
  • Local bonds outperformed with the curve bull flattening -5-13bp in the 5-10Y section of the curve – led lower by the 10Y.
  • USD bonds were also better bid in yesterday's session with the curve closing lower on the day with a slight bull steepening bias.
  • Turkey's Bist100 index closed -1.55% lower in yesterday's session, now hovering marginally above major support at 1,350, with 1,300 the next major level to the downside.

  • Bist 100 Index


MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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