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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.
TURKEY
- 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.
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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