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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
- TurkGBs kick off on the backfoot this morning, with 3Y yields up +12bp in early trading.
- This follows on from yesterday's broadly weaker session yesterday following the notable upside surprise in US CPI that drove a marked deterioration in global risk sentiment.
- TurkGBs turned offered in the session, bear steepening +10-17bp in 5-10Y yields. Similarly, USD bonds also bear steepened +10.3-11.8bp in 7-15Y yields.
- W/w, however, TurkGBs remain -12-15bp bull flatter in 7-10Y yields as a result of a firmer start to the week.
- Both Turkey's 5Y CDS and 1w implied vols both turned higher in line with weaker risk conditions yesterday with the 1w vol now capturing the 18 Nov CBRT meeting.
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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