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GOLD TECHS

Path Of Least Resistance Remains Down

US TSY OPTIONS

FVU2 112.50 Calls Lifted

AUDUSD TECHS

Fresh Trend Low

BUNDS

Speakers and US Michigan in focus

WTI TECHS

(Q2) Hammer Reversal?

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TURKEY
  • Local & USD rates unch so far this morning, but likely to come under early selling pressure following dovish comments from Erdogan overnight.
  • Locals will likely be the source of most selling pressure, maintaining bearish momentum from yesterday's session.
  • Local curve bear flattened +10bp from the 2Y yesterday, while the USD curve racked up some modest gains across the breadth, focused mostly in 3-5Y yields (-5.3-2.4bp).
  • 5Y CDS also likely to see upside pressure at the open: Resistance seen at 420, 446.434 & 484.850.

  • Turkey 5Y CDS


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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