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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 & USD rates unchanged so far this morning, having closed mostly firmer across the breadth in yesterday's broadly risk-on session.
- Turkey's 10Y continues to trade choppily in August with markets having reduced positioning in TurkGBs & TRY somewhat following the recent CBRT.
- 17% remain the key level to watch on the topside, while the 02 Aug low at 16.52 is key downside support.
- Risk premia dipped in yesterday's session with Turkey's 5Y CDS falling -5bp to challenge the 13 Aug lows. Next major support seen at 380, which has been sticky in recent months.
5Y CDS
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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