Traders Unfazed by Junk Pile Cash Into Turkish Assets: ChartBy
Foreign investors bought a net $618 million of Turkish bonds and stocks in the five trading days through Sept. 30, the most in seven weeks, even after Moody’s Investors Service cut the nation’s sovereign rating to junk. That flew in the face of analysts who said the loss of one of Turkey’s two investment-grade ratings would spark outflows.
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