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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
- TurkGBs open slightly firmer this morning with 2-7Y yields -3-5bp lower in early trading, having closed yesterday's session broadly mixed after lower than expected CPI.
- 2Y yields fell -17bp, while 5-10Y yields lifted 3-5bp for a steeper close overall with markets now anticipating at least 100bp in cuts at the next CBRT meeting on the lower core CPI print (16.82% vs 16.98% prior).
- W/w the TurkGB curve stands bull steeper with 3m-2Y yields -25-29bp lower, while 8-10Y yields hold -10-17bp lower on week.
- Turkey's 5Y CDS maintains its downward slide, falling -22.928bp since Monday with price action approaching 420.
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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