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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessTRY Assets Cracking Under Sanctions weight
- local & USD yields mostly unch, but likely to open on the back foot on expanded sanctions risks following yesterday's EU decision and overnight moves from the US.
- Belly of the local curve has proven to be most vulnerable to increased risk premia.
- USD/TRY opens higher, bucking greenback weakness on local sanctions risks to start marginally below 7.92 resistance.
- Bias is to the upside for today ahead of a possible announcement of CAATSA sanctions from the US
- upside resistance coming in at the 7.97-8.03 zone, followed by 8.20.
- CDS has been notching up this week, now trading at 376.
To read the full story
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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.