INSIDE TURKEY: 10-Year Yield Tests 11% Before Bond Auctions
Source: BFW (Bloomberg First Word)
People
Erkin Isik (Turk Ekonomi Bankasi AS)
To de-activate this alert, click here
UUID: 7947283
(Bloomberg) -- Yield on 10-yr govt bond +14bps to 10.99%, highest since Jan. on closing basis.
Alert: HALISTER1- Treasury due to sell 2-year and 9-year fixed coupon debt in auctions Monday, 5-yr floating and fixed coupon bonds Tuesday
- “The timing is unfortunate, given the deterioration in global liquidity conditions,” writes Erkin Isik, a strategist at TEB in Istanbul
- “Bids will likely remain weak even after the recent sell-off in bonds, so we don’t recommend buying bonds yet”
- TRY -0.9% to 3.2791/USD as of 11:44am in Istanbul, set to close at record
Source: BFW (Bloomberg First Word)
People
Erkin Isik (Turk Ekonomi Bankasi AS)
To de-activate this alert, click here
UUID: 7947283