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TurkGBs Trim Gains; Risk Reversals Pause for Breath

TURKEY
  • Local & USD rates remain Unch this morning, having slipped into the red in yesterday’s session.
  • TurkGB yields rose +4-8bp across the curve with 3-5Y tenors most offered, while USD bonds closed 0-1.4bp higher.
  • Credit default swaps ticked -6.5bp lower, holding just below the 540 handle.
  • The move lower in 1m & 3m risk reversals has stalled slightly since 02 Feb, trading sideways in the last few days as USD/TRY probes the upper threshold of its lateral channel.

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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