Trial now
AUSSIE 10-YEAR TECHS

(Z1) Off Lows, But Remains Weak

USDCAD TECHS

Still Vulnerable

AUDUSD TECHS

Bullish Price Sequence

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • Local & USD rates unchanged this morning, having continued to diverge in yesterday's session.
  • TurkGBs outperformed, bear flattening -8-10bp in the 5-10Y segment of the curve with the sell side seeing tentative carry potential in Turkey's high yield "but only for the brave."
  • USD bonds, by contrast, sold off +6.6-12.2bp across the breadth yesterday with weakness concentrated in the 5 & 10Y tenors.
  • W/w the TurkGB curve stands -22-27bp bull flatter in the 3m-2y portion, while the USD curve stands +17-27bp higher with selling pressure concentrated in 4-7Y tenors.
  • Turkey's 5Y CDS trades +15.513bp higher on week, hovering below 380 resistance ahead of the CBRT.