Free Trial

TurkGBS Trim Monthly Losses, But Remain Vulnerable

TURKEY
  • Local & USD rates remain little changed this morning, amid weaker global risk conditions.
  • Yesterday’s session saw a third consecutive day of gains for TurkGBs with 2-3Y yields falling -50-83bp, while USD bond yields closed mixed to marginally higher.
  • W/w, the TurkGB curve stands -55-154bp lower in the 2-10Y portion of the curve with the belly most bid.
  • This, however, only recovers a potion of the monthly losses with the curve still +157-327bp higher in line with a major shift in negative headwinds towards TRY assets.
  • TurkGB curve w/w & m/m change


MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.