Free Trial

Turkish Bonds Continue to Slide as Sentiment Sours

TURKEY
  • Local & USD rates Unch this morning amid a period of sustained weakness in both local & USD rates as weak sentiment weigh's on Turkey's outlook.
  • Locals remain more offered than USD bonds, with the curve bear steepening +12-15bp at the long end. W/w the back end of the curve (7-10Y) trades +43-58bp higher.
  • USD bonds drifted +8.2-9.bp higher yesterday with the curve holding around +15bp higher across the breadth with losses concentrated in 7-10Y tenors
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.