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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 & US rates remain unchanged this morning, but may come under early pressure at the open following the snap removal of three CBRT employees in a midnight announcement from Erdogan.
- Turkish bonds continued to bear steepen in yesterday's session in the lead-up to the FOMC minutes, with 10Y yields ending +12bp higher on the day – diverging from US Treasury yields, which closed bull flatter on the day.
- W/w the TurkGB curve stands +55-63bp bear steeper in the 7-10Y section of the curve as sentiment remains notably vulnerable and will likely deteriorate further following increased staff turnover at the CBRT.
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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