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Turkish Bonds Rally Post-CBRT, Supported by Lower US Treasury Yields

TURKEY
  • Local & USD rates Unch this morning, having traded mixed in yesterday's session following the CBRT.
  • Local bonds closed marginally bear steeper, while USD bonds bull flattened following the decision to keep rates on hold.
  • W/w both the local & USD curves trade bull flatter, with 7-10Y local tenors -28-30bp lower.
  • USD bonds trade roughly -10-12bp lower across the curve w/w, with a slight bias towards the belly of the curve.
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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