Turkey markets cooling as foreign money exits

With the lira plunging, inflation soaring, deficits rising and Ankara clashing with Washington while Erdogan meddles in monetary policy, foreign investors are exiting  Turkish bonds and equities, an article in the Iranian business newspaper Financial Tribune states. As bond prices plunged, the yield on two-year Turkish government bonds, at one point, reached 14%. Meanwhile, Turkish stocks have given up some gains from a rally that lasted most of the year.


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