Free Trial

USD Bonds on Track for Weekly Gain, Risk Premia Fall -53bp On Week

TURKEY
  • Local & USD rates trade little changed around the open, having slipped marginally into the red in yesterday’s session.
  • USD bonds underperformed, with yields rising +3.3-5.9bp across the curve.
  • W/w TurkGBs head into the weekend marginally firmer in 3m-5Y yields with the 2Y most bid at -14bp – snapping a long streak of losses.
  • USD bonds close firmer across the breadth of the curve with yields -42-53bp lower in 2-10Y tenors w/w.
  • Meanwhile, Turkey’s 5Y CDS has fallen -53.67bp since Monday, finding support around 480 on Wednesday.
  • USD curve wow


MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

To read the full story

Close

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.