Deutsche Bank’s Analysis of Turkish Bonds
The German banking giant Deutsche Bank has shared its analysis regarding Turkish bonds. The report indicates that Turkish bonds are currently in a “sleep mode” but is projecting a strong rally in the coming months.
According to a report by Bloomberg, the note signed by Deutsche Bank strategist Christian Wietoska and economist Yiğit Onay emphasizes that while Turkish bonds are in a sleep mode, it remains uncertain how long this will last.
The analysis highlights that Turkish bonds have faced challenges in performance in recent weeks. While local bonds have provided positive returns since March, they have underperformed compared to currency carry trades.
The report expresses expectations for a rally in bonds within a few months.
Foreign investors started September with sales in bonds. In the week ending September 6, foreign residents recorded a net outflow of $863.7 million in bonds. During the same week, there was also a $50 million sell-off in the stock market.
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Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
