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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 kick off a fraction softer this, having both gained bullish traction in yesterday's session.
- TurkGBs rallied across the curve falling -22-29bp, with gains concentrated in 5-7Y yields. Similarly, USD bond yields fell -4.2-6bp across the breadth with 5 & 7Y tenors outperforming on the day.
- 10Y TurkGB has now pulled back below 19.00, with 18.50 the next major support. Turkey's 5Y CDS drifted lower in yesterday's session with price action approaching 440 support.
- 1m risk reversals have declined slightly but still reman elevated and have notched up slightly this morning – indicative of broad scepticism in recent TRY strength.
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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