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TurkGB Curve Bear Steepens W/W

TURKEY
  • Local rates open on the front foot this morning with2 & 7Y TurkGB yields -10-19bp lower, while USD bond yields remain unch.
  • Yesterday’s session saw yields end broadly mixed across the TurkGB curve with 3 & 7Y yields +31-33bp higher, while USD bond yields fell -1-2.3bp.
  • W/w The TurkGB curve goes into the weekend +51-62bp bear steeper, while the USD curve holds +28-41bp bear flatter in 3-20Y tenors.
  • Credit default swaps have also ticked +39bp higher w/w on the back of hawkish FOMC developments.
  • TurkBG curve


MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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