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TurkGB Yields Surge +245-413bp W/W as Investors Head for the Hills

TURKEY
  • Local & USD rates remain little changed this morning with risk sentiment recovering slightly in the APAC session.
  • Turkish assets continued to hemorrhage yesterday – capping off a brutal week of losses.
  • TurkGB yields rose +76-12bp across the curve with a bear flattening bias holding, while the Turkish USD bond yield curve also shifted +10-21bp higher.
  • W/w the TurkGB curve stands +245-413bp higher with underperformance concentrated in the belly.
  • Credit default swaps have also ticked +34bp higher w/w, briefly marking a new YTD high at 709.123.
  • 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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