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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.
TURKEY
- Local rates kick off slightly softer at the start of the week, despite a more positive APAC session on the back of slightly more upbeat Chinese data.
- Friday's session saw both TurkGBs & USD bonds sell off across the curve as markets began positioning for this week's CBRT.
- W/w the TurkGB curve reversed early gains to close bear steeper with 5-10Y yields lifting +24-27bp.
- TurkGBs will likely continue to struggle as markets anticipate a move deeper into negative real yield territory this week against expectations for a potentially faster Fed normalisation than expected in 2022.
- Turkey's 5Y CDS remains pegged within the 400-410 range for now, with 420 the next key level to the topside.
TurkGB Curve w/w
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
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.
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