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Turkish Rates Eke Out Bull Flattening Gains W/W Post-CBRT

TURKEY
  • Local & USD rates unch this morning, having continued to drift lower on Friday's session following Thursday's CBRT.
  • W/w the local curve pivoted around the 3Y tenor, flattening from both ends with a slight bull flattening bias.
  • Conversely the USD curve closed plan bull steeper w/w, with 1-5Y tenors outperforming (-37-48bp) and duration (15-25Y) somewhat more subdued (-21-23bp).
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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