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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 so far this morning, but may resume the upward trend in yields seen yesterday following hawkish remarks from Fed Speakers Brainard & George.
- TurkGB yields rose +4-25bp on the day with the 5Y most offered, while USD bond yields rose +3-12.3bp with a bear steepening bias holding.
- 5Y credit default swaps also ticked up +9.57bp yesterday in response to higher UST yields and the prospect of +50bp Fed hikes potentially as soon as may, while the CBRT remains resolute in its easy policy stance.
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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