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TurkGBs to Play Catch-Up after National Day Break, 5Y CDS Eyes Aug Lows

TURKEY
  • Local & USD rates unchanged this morning, with local bonds having remained closed for National Day.
  • Yesterday was a broadly firmer day for EM FI as positive risk sentiment filtered through from last week's Jackson Hole Symposium.
  • Local TurkGBs may look to play catch-up to the more positive session yesterday, but may be dampened somewhat by mixed sentiment out of the APAC Session this morning.
  • Turkey faces a number of pivotal data prints this week, including GDP, CPI & PPI which may keep price action volatile throughout the week.
  • Risk premia continue to slide towards June lows with the 5Y CDS falling -20.27bp last week.

  • Turkey 5Y CDS


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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