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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.
TURKEY
- Local & USD rates remain unch this morning, having closed yesterday’s session mostly firmer across both curves.
- TurkGB yields fell -13-38bp with 5Y yields most bid, while the USD curve dipped -3.8-7.9bp on the day.
- W/w, however, both curves remain notably weaker, despite recent gains. TurkGBs trade +103-106bp higher in 3m-5Y tenors, while 9-10Y tenors stand +88bp higher.
- Erdogan’s policies have brought about some near-term stability, but risks remain elevated if the measures are not complimented with others to target hyperinflation and offset the potential fiscal burden on public finances & CBRT.
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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