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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 continued to gain in the aftermath of the CBRT meeting, which saw rates left on hold at 14.00% (as expected).
- TurkGBs bull flattened on the day with yields falling -13-43bp – led lower by the 10Y.
- W/w the TurkGB curve heads into the weekend -108-113bp lower in 5-10Y yields with the entire curve shifting down.
- USD bonds also consolidated gains with yields -15-17.8bp lower on the day to close out another week of bull steepening.
- Credit default swaps also eased -19bp following the decision for a -35bp decline since Friday’s close.
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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