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USD Bonds Weather the Storm as Sentiment Shifts Against Local TurkGBs

TURKEY
  • Local & USD rate unch this morning, having closed out last week broadly mixed.
  • USD rates continued to outperform in short duration, with the curve bull steepening w/w in the 1-3Y tenors.
  • Locals went offered, however, with the curve drifting higher w/w - losses mostly concentrated in the belly (5-7Y tenors).
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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