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TurkGBs on Track for 100+ bp Weekly Gain Pre-CBRT

TURKEY
  • Local & USD rates remain unchanged this morning, having racked up more gains in yesterday’s session.
  • 2, 3 & 10Y yields fell 10-11bp ahead of today’s CBRT meeting, while USD bond yields bull steepened 10-12.7bp in 2-3Y yields.
  • W/w the TurkGB curve stands -104-114bp lower in the 1y-5y section as markets brace for a widely expected hold on policy at today’s CBRT meeting.
  • Credit default swaps also fell -12bp yesterday in line with lower UST yields.
  • TurkGB curve w/w


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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