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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 continue to slide this morning as negative sentiment and broad-based risk off continue to roil Turkish assets.
- Yesterday’s session saw yields surge +40-103bp across the TurkGB curve with the 3Y most offered on the day, while USD bonds saw marginal gains.
- W/w the TurkGB curve trades +198-392bp higher across the breadth with the belly most affected as external tightening, risk off and unsustainable monetary policy decisions weigh on the outlook.
- Credit default swaps also ticked +7.5bp higher yesterday, holding just shy of the 700 handle.
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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