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Turkish USD Bond Yields Hold Bearish Momentum Pre-FOMC

TURKEY
  • TurkGBs remain closed today for the extended Eid Al-Fitr holiday, but USD bond yields continue to drift higher – following on from yesterday’s session.
  • Yields rose +11-21.7bp with the USD curve bear flattening on the day.
  • Today’s focus will be on the FOMC meeting as markets position for the first +50bp hike and discussion of balance sheet reductions.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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