Free Trial

Turkish Bonds Buoyed by CBRT Hold at 19%

TURKEY
  • Local & USD Rates Unch this morning, having closed firmly on the front foot post-CBRT yesterday.
  • Local rates gained traction in the belly/back end of the curve, trading -11-16bp lower on the day.
  • W/w the local curve has pivoted around the 3Y tenor, rising almost symmetrically (~30-35bp) from the front end and dipping at the back end.
  • USD rates say more evenly distributed gains across the curve in yesterday's session, trading -6.3-9.3bp firmer across the breadth with a slight bull steepening bias.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

To read the full story

Close

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.