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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
- Local & USD rates unch this morning, having closed mixed at the end of play on Friday.
- Local bonds closed bear flatter on Friday with 2Y yields lifting +6bp.
- Meanwhile, USD bonds were better marginally firmer with 3-5Y yields ending -2.1bp lower on the day.
- W/w the local curve pivoted around the 4Y tenor, with the front-end lifting +16bp and the long end dipping -15bp, while the USD curve moved lower across the breadth with gains concentrated 8-10Y tenors (-16-20bp).
- Turkey's 5Y CDS fell -9.5bp w/w, now hovering a fraction above key support at 379, that could open up a move to 370 below.
5Y CDS
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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