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Turkish Bonds lead CEEMEA FI in Early Trading, Implied Vols Subdued

TURKEY
  • TurkGB curve trades bull flatter this morning with outperformance centered in the 7-10Y portion of the curve (-8-9bp)
  • USD Bonds also bid in early trading with the curve -2-4.4bp lower across the breadth. 3Y most bid at -4.4bp.
  • 1W & 1M implied vol on USD/TRY has also been noticeably lower than peers RUB & ZAR on a 5d horizon
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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