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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.
TURKEY
- Local & USD rates seen unchanged so far this morning, having closed Friday's session mostly mixed.
- Local rates diverged their USD counterparts, ending bear flatter with 2-3Y yields +5-7bp higher while the remainder of the curve drifted slightly lower.
- USD bonds, however, ended firmer across the breadth with -6.8-7.7bp in gains distributed evenly across the curve.
- W/w Local bonds retraced early weakness to end the week broadly firmer with a bull flattening bias post-CBRT: 9-10Y tenors -30-33bp on week.
- USD bonds also ended -13-18bp lower across the breadth of the curve w/w, while Turkey's 5Y CDS fell 11.69bp.
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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