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TurkGBs Underperform in Short-Duration W/W Amid Eid Holidays

TURKEY
  • Local rates and the BIST100 remain unchanged due to Eid celebrations, which continue today.
  • USD were open, but remained little changed in yesterday's session.
  • W/w both curves end higher across the breadth, with local bonds underperforming in short-duration: 3m -1Y tenors +26-36bp higher on week.
  • Turkey's 5Y CDS found support at 380 once again, rising back towards 384 in yesterday's session for a broadly choppy week.
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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