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TurkGBs Gain as Oil Slides and CBRT Holds Larger Buyback Auctions

TURKEY
  • Local & USD rates remain Unch this morning, having made decent gains in yesterday’s session.
  • 2-5Y TurkGB yields fell -72-89bp on the back of lower oil prices and reports of larger CBRT buyback auctions, while USD bond yields fell -4-8.2bp with 10 & 2Y tenors most bid on the day.
  • Oil markets remain slightly on the backfoot this morning as the effects of rising covid cases in China continue to weigh.
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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