No Time to Disown Turkey in Best Bond Rally With $80 Oil
This article is for subscribers only.
In case you missed it, there’s probably still time to profit from this quarter’s biggest government-bond rally.
Turkish lira bonds returned about 10 percent since Sept. 30, beating all 57 emerging- and developed-market peers tracked by Bloomberg bond indexes. Two-year yields have fallen more than 2 percentage points in the period on bets that slumping oil will shrink the nation’s current-account deficit and tame above-target inflation.