Refinitiv

Turkey dollar bonds suffer fresh losses over US sanctions fears

Turkey's dollar-denominated government bonds came under further pressure on Monday amid rising concerns that Washington could slap sanctions on Ankara over its purchase of a Russian air defence system.

The 2041 bond fell 1.23 cents in the dollar to 83.44 cents, suffering its seventh straight day of losses and hitting the lowest level since June 20, according to Refinitiv data.

US oil becoming more attractive in Europe

US crude exports are gaining traction in Europe as even Ukraine turns into a significant consumer of American barrels at the expense of Russian supplies amid heightened US political pressure on Moscow and problems over contaminated Russian oil.

Active Urals crude oil buyers Greece and Croatia have also taken several cargoes of US oil.

LNG deliveries on the rise

Liquefied natural gas (LNG) deliveries to Italy, Spain, Greece, Portugal and Turkey in May rose 16 percent from April, and were up 53 percent from the same month a year ago, Refinitiv data show.
June deliveries this year are set to be higher than in 2018.
[Reuters]