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TurkGBs Eke Out Gains W/W as CBRT Keeps Policy on Hold

TURKEY
  • Local & USD rates remain Unch this morning, having closed Friday’s risk-off session mixed to firmer with 2Y TurkGB yields ending -32bp lower, while the remainder of the curve fell -3-9bp.
  • W/w, TurkGBs managed to end lower, with 3-6m yields down -21-27bp and 7-10Y yields -14.5-17bp lower on week.
  • Meanwhile the 5Y CDS held a choppy, upwards course (+24bp) with tensions in Ukraine raising concerns for Turkey as a net importer of oil/gas.

MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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