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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 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
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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