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USD Bonds Most Offered as Treasury Yields Spike Post US CPI

TURKEY
  • Local & USD rates unch this morning, having seen acute selling pressure post-US CPI on rising US Treasury yields.
  • USD rates were most offered across the curve, drifting +7.3-12.3bp higher with losses concentrated in the belly (5-7Y tenors).
  • Locals also felt the pinch, selling off inconsistently across the curve, but most notably in 3Y yields (+17bp).
  • 5Y CDS notched up 12.9bp, moving back above the 400 handle.
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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