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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
- Local & USD rates remain unchanged this morning, having closed yesterday's session broadly weaker.
- TurkGBs traded choppily on the day, ending +2-3bp higher in front end yields. Similarly, USD bonds closed the session +1.4-2.9bp higher across the full breadth of the curve.
- W/w the TurkGB curve is positioned bull flatter with 3m-2Y yields -10-18bp lower, while 7-10Y yields hold -22-44bp lower with the 9Y tenor leading the way lower.
- USD Bonds have also seen some reprieve w/w, with the belly of the curve (7-15Y) outperforming at -28-30bp).
- Turkey's 5Y CDS found support above 440 in yesterday's session, but is still on track for a decline this week.
TurkGB Curve w/w
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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