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TurkGBs Reverse Early Gains to Close the Week Bear Steeper

TURKEY
  • Local & USD rates remain Unch this morning, having traded broadly mixed to weaker on Friday.
  • TurkGBs finished the week steeper with 2Y yields falling -21bp while 7Y yields rose +41bp for an overall bear steeper finish w/w.
  • 7-10Y yields rose +90-103bpm and may remain under pressure as CPI data approaches this year with markets anticipating a substantial rise in headline figures in the coming months.
  • USD bonds also finished the week on the backfoot with yields up +7.1-12.6bp for an overall bear steeper finish w/w.
  • 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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