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BUNDS: Turkey seems to be driving European assets

BUNDS
  • Turkey look to be driving some of the European assets, Bund fully clears the next resistance, and the EUR extends further losses.
  • USDTRY is up some 10%, as Turkish authorities detained Ekrem Imamoglu, the lower liquidity also helps exacerbated the moves, the bid/offer in the USDTRY is 40 big figures wide.
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  • Turkey look to be driving some of the European assets, Bund fully clears the next resistance, and the EUR extends further losses.
  • USDTRY is up some 10%, as Turkish authorities detained Ekrem Imamoglu, the lower liquidity also helps exacerbated the moves, the bid/offer in the USDTRY is 40 big figures wide.