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USD Bonds Underperform, 5Y CDS Rises to Eye 395-400 Resistance Zone

TURKEY
  • Local & USD rates unch this morning, having traded marginally in the red in yesterday's session as risk sentiment soured somewhat post-ISM data.
  • Locals traded mixed to weaker with 2-3Y yields rising +2-6bp.
  • Meanwhile, the USD curve drifted slightly higher across the breadth with 5 & 10Y tenors most offered at +2.8bp.
  • Risk premia also notched higher, lifting +5.3bp to move above the 390 handle – bringing the 395-400 resistance zone into view.


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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