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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.
TURKEY
- Local & USD rates remain unchanged this morning, having slipped into the red for another session yesterday.
- The curve retained its bear steepening bias with 5-10Y yields +18-21bp higher on the day. Similarly, USD bonds went offered across the curve, rising +2.4-5.5bp with 10Y yields seeing the bulk of the selling pressure.
- TurkGB 10Y has now extended through 18.00 & the Agbal-dismissal high at 18.22 with the next major resistance at 18.76-19.00, followed by 20.27 & 21.10 dating back to 2018-20.19.
- Focus today will be on the US Treasury market around CPI & the FOMC minutes.
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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