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TurkGB Curve Holds Bull Steepening Momentum W/w

TURKEY
  • Local & USD rates remain Unch this morning following a mostly hawkish Fed result with Powell guiding towards the first +25bp hike in March.
  • W/w TurkGBs trade bull steeper with 3m-2Y yields -85-185bp lower, while 7-10Y yields stand +1-8bp higher.
  • USD bonds have traded with a similar bull steepening bias, but most notably in 2-5Y yields (-10-18bp lower w/w).
  • Credit Default swaps continued to push lower in yesterday’s session falling 17.5bp to push below Friday’s low.
  • 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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