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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 remain unch this morning, having closed Friday’s session broadly weaker.
- USD bonds continued to underperform across the curve, sustaining bear flattening momentum with 2-3Y yields rising +30.9 & +16.1bp respectively. Meanwhile 5-15Y USD yields rose +5-11.4bp.
- TurkGBs also trade weaker on Friday, rising +6-9bp in 2-3Y yields with the curve ending +35-40bp higher in 2-10Y yields with 3-5Y tenors most offered.
- 10Y yields are trading marginally below the May 2019 highs, with a move above 20.27 opening up the Aug 2018 highs at 21.20 to the topside.
- Tukey’s 5Y CDS Continues to tick higher, approaching 550 with the next major support at 575 (coincides with 2018 highs & 2020 levels).
Turkey 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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