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Turkish Assets Rally as Ukraine & Russia Signal Potential De-Escalation

TURKEY
  • Turkish bonds also seeing some gains on the back of falling oil prices and broad-based risk-on following Russia-Ukraine talks
  • TurkGBs trade -36-46bp lower in 2 & 5y tenors
  • USD bond yields stand -14-26bp lower across the curve with a bull steepening bias holding
  • Turkey's 5Y CDS has also dropped sharply at -25.25bp for the day
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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