Free Trial

Turkish Bonds Trim Gains as Deeply Negative Real Yields Provide Little Buffer

TURKEY
  • Local & USD rates remain unch this morning, having reversed sharply in yesterday’s broadly risk-off session.
  • Yields rose +27-85bp across the curve with the 2Y most offered on the day at +85bp. USD bonds also slipped into the red with yields +12-21bp higher across the breadth with weakness concentrated in the belly (5-10Y tenors).
  • W/w the TurkGB curve ekes out a -21-28bp gain in the 2-7Y section of the curve, while the USD curve trades +8-32bp higher in 3-25Y tenors.
  • Turkey’s 5Y CDS has had a choppy week, but found support at 550 and currently stands +7.6bp higher w/w.
  • turkGB curve w/w


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.