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USD Bonds Rally 12-20bp, Diverging from USD/TRY

TURKEY
  • Local & USD rates unch so far this morning, having outperformed in yesterday's session – diverging somewhat from the currency.
  • USD bonds rallied across the curve, moving 12.2-20.3bp lower with gains concentrated in the belly.
  • Local curve was less evenly distributed with the 7Y -33bp, while the 2Y lifted +8bp.
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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