Emerging Intelligence

Türkiye, global macro and markets.

[Emerging Intelligence @emergingintel]

İsmail Kartal hayırlı olsun 💛💙🧿

[Emerging Intelligence @emergingintel]

🇹🇷🇹🇷🇹🇷🧿

[Emerging Intelligence @emergingintel]

*GOLD RISES 1.7% AFTER US-IRAN PEACE DEAL AGREED - BBG

[Emerging Intelligence @emergingintel]

S&P 500 FUTURES JUMP 0.7%, NASDAQ FUTURES UP 1.1% ON NEWS OF U.S.-IRAN DEAL REACHED - RTRS

[Emerging Intelligence @emergingintel]

*BRENT OIL FALLS 2.8% AT OPEN AFTER TRUMP SAYS IRAN DEAL REACHED - BBG

[Emerging Intelligence @emergingintel]

🇹🇷🇹🇷🇹🇷

[Emerging Intelligence @emergingintel]

Fenerbahçe’mize hayırlı uğurlu olsun 💛💙🧿

[Emerging Intelligence @emergingintel]

President Trump to attend NATO summit in Ankara 🇹🇷

[Emerging Intelligence @emergingintel]

-Solid AI-led earnings dominate equity mkt sentiment
-10 Jun inf data to be key.
-Majority of pods, multi-asset fast money were paid rates, long USD. Pain trade is things to calm down, for oil not to go $130 etc.
-DB house view is to revisit the highs (4.70% TY, 3.2% Bund).

[Emerging Intelligence @emergingintel]

As always, it is great seeing @ozanktarman keeping the pulse of global macro moves. 🌎🌍🌏👏🧿

Highlights 👇

https://t.co/sDf9g3mPJb

[Emerging Intelligence @emergingintel]

Eid Mubarak / İyi Bayramlar 🙏

[Emerging Intelligence @emergingintel]

🇹🇷 Türkiye Update 🇹🇷

Turkish mkts showing resilience, rebounding after yday’s news.
Sov $ eurobonds higher, FIs lagging.
Muted activity in OIS and XCCY swaps while TurkGB yields higher.
5Y CDS tighter by 10 bps at 252 levels.
Equities sharply higher, XUSIN outperforming XBANK.

[Emerging Intelligence @emergingintel]

🇹🇷 Türkiye Update 🇹🇷

Quiet week on FX/TRY. Short-end of curve remained calm.
OIS curve re-pricing YE pol rate exp to around 37%.
5Y CDS a touch wider, trading at 241.
CBRT infl report briefing was a no-news event on Friday.
TPAO re-tapped 2031 sukuk Tue, raising additional $500m

[Emerging Intelligence @emergingintel]

- Türkiye carry inflows exp to continue unless geopolitical tensions re-escalate
- Türkiye looks like it has the upper hand geopolitically
- Carry trade pos around $30 bn
- Trump - Xi meeting to be monitored
- Main risks going fwd: Prolonged Iran war, US 10Y yield spike

[Emerging Intelligence @emergingintel]

Great seeing @ozanktarman commenting on global and Türkiye macro on Turkish BloombergHT. 🌎🌍🌏🇹🇷

Highlights 👇

https://t.co/LwVsK3u6r4

[Emerging Intelligence @emergingintel]

#MyDubai

[Emerging Intelligence @emergingintel]

🇹🇷 Hazine announced 5Y $2b offering is 3x oversubscribed, attracting demand from approx 180 accounts.

Allocs
UK & Ireland: 44%
US: 33%
Other Europe: 13%
ME: 8%
RoW: 2%

[Emerging Intelligence @emergingintel]

🇹🇷 Hazine priced $2b 5Y at a yield of 6.40%.

[Emerging Intelligence @emergingintel]

🇹🇷 Hazine hitting screens for 5Y $ bench

[Emerging Intelligence @emergingintel]

Good night #MyDubai 🇦🇪🧿