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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
- Both TRY & Turkish bonds outperforming today as implied vols slide
- Local curve trades lower across the breadth with a bull flattening bias today. USD bonds remain subdued.
- 2Y -4bp, 3Y -21bp, 5Y -31bp, 7Y -18bp, 10Y -29bp. 10Y eyeing 16.50 support to the downside .
- Since the start of July 1m implied vols have moved 3 points lower to 12.12 after moving through the 15 handle - bolstering vol-adjusted carry in TRY assets and booting their attractiveness. Next major support in 1m vols at 10.00.
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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