2 days ago
Turkish Bonds Erase 2025 Loss After Court Delay Spurs Rally
Turkey's lira-denominated bonds erased their year-to-date losses after a court's decision to postpone its ruling on the country's opposition leader spurred a rally of over 3% in just two days.
Two-year yields currently stand at 39.76%, having dropped about 200 basis points so far this week, after the court delayed its ruling on a case that could unseat Ozgur Ozel. That's taken borrowing costs back to levels seen just before the March arrest of Istanbul mayor Ekrem Imamoglu triggered a wave of nationwide protests and fueled a selloff in Turkish assets.
