TURKEY: Erdogan Says Turkey to Hold Presidential Election in 2028

BTP Block trade, suggest buyer:

• IKU5 ~1.1k at 121.06.

So far the BTP/Bund spread finds good support at the big Psychological 90bps level.

TYQ5 113.00 calls paper paid 0-12 on 5K, representing another round of upside flow after the buying of the TYQ5 112.50 calls we flagged previously. 

• Some early activity in the FX CME roll, nothing huge as of Yet, but the pace will pick up into Friday, should be all but done by then, Expiry is next Monday.
• The EURUSD trades mostly on legs, just bought for 0.00702 in 4.8k.
• The spread has traded in just 4.5k outright total, and the record high for this EURM5/U5 spread printed in May is at 0.00716.