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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.
TURKEY
- Local & USD rates remain unchanged this morning, having continued to sell-off sharply in Friday's session following last week's surprise rate cut from the CBRT.
- Selling pressure remained concentrated in the back end of the curve: 5Y +29bp, 7Y +36bp, 10Y +60bp.
- W/w Turkey's term structure has flattened substantially with 7-10Y yields lifting +93-106bp.
- Similarly, USD bonds capped off the week with a poor session, rising 12-15.5bp across the curve on Friday – with 3-10Y yields ending +29-36bp higher on week.
- Turkey's 5Y CDS also lifted +33.24bp on week to breach 4.20 in Friday's session.
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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