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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
- TurkGBs open slightly firmer this morning, with 3-10Y yields kicking off -3-8bp lower with the 3Y leading the way.
- Friday's session ended on a mixed note, with USD bonds remaining under pressure to finish 4-4.7bp bear steeper.
- W/w, however, both curves ended lower with TurkGBs continuing to bull flatten -35-37bp on week in 7-10Y yields.
- Turkey's 5Y CDS found support at 440 towards the end of last week and is now hovering around 450.
- Focus in the rates space will be CPI this week, expected to rise to 20.40-20.60% and push rates deeper into negative real yield territory.
TurkGB Curve w/w
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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