Market optimism over the potential for interest rate cuts next year is dangerously overdone, according …
Read More »Turkish lira, 10-year bond hit record lows amid US sanctions threat
The Turkish lira and benchmark sovereign bond hit a record low as the threat of U.S. sanctions added pressure to already ailing markets. The U.S. dollar rose to 5.4 against the lira on Monday before trading around 5.29 on Tuesday. Turkey’s 10-year bond fell to a record low on Tuesday, …
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