Free Trial

TurkGB Curve Steepens W/W, Risk Premia Edge Higher

TURKEY
  • Local & USD rates are unchanged this morning, having traded mostly in the red during yesterday's mixed risk session.
  • TurkGBs continued to bear steepen with 7-10Y yields ending +11-14bp higher on the day. Similarly, USD bonds also weakened, but less aggressively – ending +3.1-3.5bp bear flatter in 2-3Y yields.
  • W/w the curve stands steeper across the breadth with 3m-6m yields -12-18bp lower & 7-10Y yields +16-17bp higher.
  • Turkey's 5Y CDS notched +3.57bp higher yesterday, breaching 440 resistance (+6bp w/w).

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

To read the full story

Close

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.