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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 trade little changed this morning, having slipped into the red in yesterday's session as the CBRT meeting draws nearer.
- Weakness was concentrated in 5-10Y yields in both TurkGBs and USD bonds with the former rising +15-17bp, while the latter lifted +9.6-10.6bp.
- With sentiment extremely weak at this current juncture we may see selling momentum persist in today's session as the CBRT meeting approaches.
- Risk Premia also remain buoyant as TRY depreciation gathers pace, with the 5Y CDS rising +8.6bp yesterday to resume its uptrend.
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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