Free Trial

Turkish Rates Slide, 5Y CDS Rises as Negative Momentum Holds

TURKEY
  • Local & USD rates remain little changed this morning, having continued to sell-off in yesterday’s session.
  • TurkGB yields rose +27-90bp with 3 & 7Y yields up +74-90bp on the day, while USD yields rose +20-36bp with the curve maintaining its bear flattening bias from last week.
  • Credit default swaps also notched higher amid broad-based risk-off, rising +21bp to 684 – just shy of the YTD high at 704.912.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

To read the full story

Close

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.