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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 unchanged so far this morning, but may come under pressure today following yesterday's FOMC minutes.
- Local bonds closed yesterday's session broadly weaker with selling concentrated in the belly: 5-7Y tenors +9 & +5bp respectively.
- Meanwhile USD bonds also lifted across the curve, ending +2.1-3.5bp higher.
- W/w the local curve trades -6-8bp bull steeper on the margins, while the 8-10Y section has now entered negative territory on week.
- Turkey's 5Y CDS stalled out this week around 383 and is +3.17bp since Monday.
TurkGB Curve
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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