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Turkish Assets Tread Water Ahead of Critical CBRT Decision

TURKEY

1 Hour call to the CBRT:

  • TurkGBs treading water slightly in the red with most of the curve unchanged except for the 7Y +9bp
  • USD bonds trade slightly in the green after multiple successive sessions of weakness: curve trades -1.1-3bp lower with the 2Y leading at -3bp
  • USD/TRY is currently dead flat on the day, hovering around 8.65. Key support seen in the 8.55 - 8.40 zone, bull trigger above at 8.8008

Prior Statement (Aug):https://www.tcmb.gov.tr/wps/wcm/connect/EN/TCMB+EN...

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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