The Turkish Finance Ministry has announced *cough* „guaranteed“ savings bonds 0 (0)

The Turkish Finance Ministry has announced their new measure (singular):

:: New deposit instrument to be used by individual investors, the minimum interest rate will be CBRT rate. In maturities of 3, 6, 9 and 12-months. If the FX change is above the CBRT rate, the difference will be paid in TRY to

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Bonds up, yields down, sentiment sideways 5 (1)

There’s been a dearth of market-moving catylysts to get our teeth into this morning, and bonds have drifted lower (thus yields drift higher)Perhaps the bonds are weakening on the knowledge that the ECB is done buying for the year, as I mentioned this morningNewsquawk notes:  „Although EU stocks have

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Turkish Finance Minister will provide details of economic measures at 11:00GMT/06:00EST today. 0 (0)

Turkish Finance Minister will provide details of economic measures at 11:00GMT/06:00EST today.

Details remain light, but we are told banks „will commence the implementation of transactions of new instruments on Tuesday“

As a reminder, yesterday saw Turkish President Erdogan state Turkey is impleme

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