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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 trade little changed around the open, having slipped into the red for a third consecutive session this week.
- USD bonds underperformed TurkGBs with bear flattening pressures persisting. 2-3Y USD yields lifted +16-29bp on the day for a substantial 85-151bp w/w increase.
- TurkGBs have been more subdued this week, rising +25-27bp in 3-5Y yields after a robust sell-off the week before.
- Turkey’s 5Y CDS continues to accelerate higher, now approaching the 550-600 zone – closer to the 2018 & 2020 highs.
Turkey USD curve w/w
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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