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TurkGB Yields Rise as -47.14% Real Policy Rate Weighs

TURKEY
  • Local & USD rates remain Unch this morning, having ended yesterday’s session mostly mixed.
  • TurkGB yields rose +9-21bp in 3-7Y tenors following the higher headline CPI print at 61.14% y/y.
  • Turkish USD bond yields finished mixed to lower, however, with the 2Y falling -8.7bp on the day.
  • Analysts continue to warn about the unsustainability of the current policy mix with real policy rates at -47.14%.
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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