Turkish equities have been the region’s star performer once again over the past month amid growing optimism about the economic recovery, the rising prospect that a second ratings agency will assign Turkey investment grade status and reduced concerns about the scaling back of QE3 by the US Fed. Meanwhile, Hungarian US$ bonds have rallied as fears of a radical policy shift by the central bank have failed to materialise.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.