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TurkGBs Shine, Bull Flattening -40bp W/W

TURKEY
  • Local & USD rates unch this morning, having gained bullish traction in yesterday's session.
  • Locals were most bid, bull flattening -17-21bp in 5-10Y yields.
  • USD bonds shifted lower across the curve, but somewhat less consistently: 3y & 10Y yields outperformed at -13.2bp & -8.1bp respectively.
  • W/w the local curve trades -40bp bull flatter in 10Y yields, while USD bonds see gains concentrated mostly in the belly (7-10Y tenors -35-40bp).


TurkGB curve 1w change

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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