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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 rates trade mixed this morning, having firmed managed to hold onto gains throughout the week.
- The TurkGB curve stands -25-99bp lower across the breadth with the belly (4-8Y tenors) outperforming.
- USD bonds have diverged, however, with yields up 0-10bp w/w with a marginal bear steepening bias holding.
- Credit default swaps have held a bumpier course this week – now hovering just above the 600 handle. Yesterday’s inflation report showed a sizeable revision higher in forecasts (headline 42.8% y/y), but was somewhat more optimistic than most sell-side which see FY22 CPI ending in the 50-60% range.
TurkGB Curve w/w
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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