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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 remain unchanged this morning, having closed broadly on the front foot in yesterday's session.
- TurkGBs ended bull flatter with 5-10Y yields dipping -6-7bp on the day.
- Similarly, USD bonds also closed bull flatter with the curve shifting -4.8-8.4bp lower across the breadth, and 5.2-8.4bp lower in 7-15Y tenors.
- W/w the TurkGB curve stands lower at both ends with 3-6m tenors most bid at -37-46bp, while 9-10Y yields hold -20-24bp lower on week.
- Similarly, USD bonds trade -20-28bp lower across the curve, with 7-20Y tenors outperforming on week.
- Turkey's 5Y CDS has also pulled back -23bp since Monday, eyeing 440 support.
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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