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Turkish stock slump triggers circuit breakers after Agbal fired bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Turkish markets slide as central banker's exit stokes lira turmoil bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Turkey Bulls Are Wrong-Footed After Central-Bank Hawk's Ouster bloombergquint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloombergquint.com Daily Mail and Mail on Sunday newspapers.
Lira Bulls Count on Carry-Trade FOMO to Bring Investors Back Bloomberg 4 days ago (Bloomberg) Spiking U.S. Treasury yields just forced the Turkish currency into the sharpest retreat in emerging markets. With a pivotal interest-rate meeting approaching, lira bulls say that’s a reason for optimism. The lira is down more than 8% since mid February and money managers like Paul Greer at Fidelity International are sitting tight for Central Bank Governor Naci Agbal to raise rates and stem the decline, boosting the appeal of one the highest-yielding currencies in the developing world. “As long as the Turkish lira offers a healthy positive ex-ante real policy rate, investors will be attracted by the large nominal carry on offer,” said Greer, who has an overweight stance on the lira. Assuming rates are raised in line with expectations and there’s orderly price action in U.S. Treasuries and emerging markets, “we expect some money to come back into the l ....
Turkey Bulls Bet a Rate Hike Will Make Lira Carry Hard to Resist Tugce Ozsoy, Bloomberg News A Turkish national flag hangs at the entrance to a street of closed retail stores and restaurants in the Besiktas district of Istanbul, Turkey, on Sunday, March 22, 2020. Turkeyâs coronavirus deaths rose to 30 on Sunday as the number of infected patients climbed to 1,236. Photographer: Kerem Uzel/Bloomberg , Bloomberg (Bloomberg) Spiking U.S. Treasury yields just forced the Turkish lira into the sharpest retreat in emerging markets. With a pivotal interest-rate meeting approaching, lira bulls say thatâs a reason for optimism. The lira is down more than 8% since mid February and money managers like Paul Greer at Fidelity International are sitting tight for Central Bank Governor Naci Agbal to raise rates and stem the decline, boosting the appeal of one the highest-yielding currencies in the developing world. ....