Free Trial
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.
TURKEY
- Local rates kick off slightly firmer this morning, having ended Friday's session broadly on the front foot.
- The TurkGB curve closed -12-15bp bull flatter in 7-10Y yields on Friday to maintain the w/w flattening bias.
- Overall, 7-10Y tenors fell -32-35bp on week. Meanwhile, USD bonds also gained on Friday's session but with a bull steepening bias which was maintained throughout the week.
- Turkey's 5Y CDS continued to fall w/w, dipping -46.5bp to retest the 400 handle.
- Meanwhile, 1m USD/TRY Risk reversals remained flat on week, diverging the trend of falling RRs seen in both Russia & SA.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok