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TurkGBs Hold Onto Gains as Fed Hawks Call For October Taper

TURKEY
  • Local & USD rates unchanged so far this morning, having closed broadly firmer in yesterday's session despite unsettling comments from Fed hawks regarding a potential October taper announced in September.
  • TurkGBs held onto early gains with 3-5Y tenors closing -6-7bp lower, while the USD curve closed mixed to lower after giving up some early gains.
  • W/w TurkGBs stand -26bp bull flatter in the 5-10Y portion of the curve, rallying in line with an unwind in the 5Y CDS this week – which trades -14.952bp lower having taken out key support at 380.


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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