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TRY Assets Under Pressure

TURKEY

Following the initial knee jerk reaction to Saturday's news that CBRT Governor Naci Agbal has been let go, the lira has recovered ground somewhat in the early European hours.

  • USDTRY trades at 7.83, having hit 8.47 at one point.
  • Local and dollar govt bonds came under immediate pressure at the open. Last USD yields: 3-year 5.0586%, 5-year 5.9909%, 10-year 6.956%

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