The visa spat between Turkey and the U.S. is a stark reminder for foreign investors of political risks, after they poured more than $6 billion this year into one of the highest-yielding bonds in emerging markets. Data on Thursday showed offshore funds sold more than $600 million of local currency Turkish debt last week, the most since November 2016, as the diplomatic crisis erupted to send bonds and the lira plunging.
Source: Bloomberg Pro Terminal
Trader Bozhidar Arabadzhiev
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