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TurkGBs Sell-Off following CBRT, Curves Humped W/W

TURKEY
  • Local & USD rates unch this morning, having sold off across both curves in yesterday's session.
  • Losses were seen concentrated in the belly of both curves, with yields lifting +7.5-10bp in 5-7Y tenors.
  • Yesterday's CBRT saw little impact on Turkish markets.
  • W/w the local curve trades little changed overall, but roughly +10bp higher in the belly (3-5Y tenors).
  • Similarly, the USD curve ends the week with a slight humped bias, +20bp higher in 3-10Y yields.
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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