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TurkGB Curve Bull Steepens Ahead of CPI

TURKEY
  • Local & USD bonds remain Unch this morning, having finished mixed in yesterday’s session.
  • TurkGB yields closed +3-20bp higher in yesterday’s session with the exception of the 3Y which fell -29bp.
  • Meanwhile, USD bond yields fell -5.7-8.1bp across the curve with 5-7Y tenors outperforming. W/w the TurkGB curve stands bull steeper with 3m-3Y yields -111.113bp lower on week.
  • CPI data will be scrutinised today following the dismissal of the TUIK head mere days before the print – bringing its credibility somewhat into question.
  • TurkGB Curve w/w


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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