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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.
TURKEY
- Local & USD rates remain unchanged this morning, having seen notable selling pressure throughout yesterday's broadly risk-off session.
- TurkGBs underperformed their hard currency counterparts, rising +13-25bp across the curve with 5Y +25bp & 10Y +19bp on the day.
- USD bonds closed +4.3-14.1bp higher across the curve with a bear flattening bias: 2Y +9bp, 3Y +14.1bp, 5Y +7.6bp.
- Turkey's 5Y CDS also notched higher in line with its EM peers, rising +14.6bp on the day to move back above 400 as the FOMC & CBRT loom.
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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