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AUSSIE 10-YEAR TECHS

(Z1) Off Lows, But Remains Weak

USDCAD TECHS

Still Vulnerable

AUDUSD TECHS

Bullish Price Sequence

TURKEY
  • Local & USD rates unch this morning, having traded mixed in yesterday's session.
  • USD bonds continued to outperform locals, managing to trade marginally in the green (-1.3-1.8bp) with a slight bull steepening bias.
  • Locals, however, continued to sell-off at the front end +4-5bp, bear flattering the local curve.
  • 5Y CDS holds -2.17bp lower, holding below the 400 handle at 397.606, but may see upside pressure associated with Erdogan firing another CBRT official.

Data:

  • 0800 Capacity utilization, 75.9% prior
  • 0800 Real sector confidence SA, 107.4 prior
  • 0800 Real sector confidence NSA, 111.0 prior
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com