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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 remain Unch so far this morning, having closed yesterday’s risk-off session notably weaker.
- TurkGBs reversed sharply, giving back +26-76bp of gains made throughout the week.
- 2 & 10Y yields rose +43 &76bp respectively on the back of expectations for more Fed hikes in 2022.
- Turkey’s deeply negative real yields make it vulnerable to external tightening, especially as they are expected to become more negative going into a 50-55% headline CPI peak in May.
- W/w the TurkGB curve goes into the weekend steeper: 2Y -22bp, 7Y +63bp, 10Y +84bp.
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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