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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 unchanged so far this morning, having traded broadly weaker in the lead-up to yesterday's FOMC.
- TurkGBs closed the day bear steeper with 2-3Y yields -2bp while 10Y yields lifted +8bp.
- Turkish USD bonds continued to slide with the breadth of the curve lifting +4.4-7.5bp higher with 2 & 10Y tenors most offered.
- W/w the TurkGB curve trades +24-26bp higher in the 3-7Y section of the curve.
- Turkey's 5Y CDS has stalled around the 400 mark ahead of today's CBRT meeting with some analysts concerned about premature easing, potentially as early as this meeting.
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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