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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 trade slightly in the red at the start of play, having seen bear flattening pressures resume in both USD & local curves.
- Again, USD bonds were most offered on the day, with 2-3Y yields rising +16.1-30.9bp on the day while the rest of the curve lifted +5-11bp.
- W/w the USD curve ends +160-203bp higher in 1-2Y yields, while the TurkGB curve trades +31-35bp higher in 2-5Y tenors as the AKP continues to back its ultra-loose policy direction.
- Meanwhile, Turkey’s 5Y CDS has risen +33.9bp since Monday, pausing for breath in yesterday’s session around 540.
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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