Vanguard Says Erdogan Loss Would Make Turkey Bonds Loved Again

Opposition has agreed on a joint candidate to take on Erdogan
$60 billion in foreign cash left bond, stock market since 2018

Pedestrians pass a campaign banner featuring President Recep Tayyip Erdogan on a street in Istanbul, Turkey, on March 28, 2019. Photographer: Miguel Angel Sanchez/Bloomberg

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By Selcuk Gokoluk and Kerim Karakaya

March 9, 2023 at 2:17 PM UTC

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One of the world’s biggest investors sees lots of potential in Turkey’s long-shunned bond market — if only President Recep Tayyip Erdogan loses an election for the first time in 20 years.