ZH article about upcoming election:
https://www.zerohedge.com/news/2018...surge-after-erdogan-announces-early-elections
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https://www.zerohedge.com/news/2018...surge-after-erdogan-announces-early-elections
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Turkish Lira (TRY)
- Thread starter m22au
- Start date
Turkey government bonds:
https://www.investing.com/rates-bonds/european-government-bonds
At the time of writing,
2Y at 13.55%
10Y at 12.30%
so significant inversion of 156 bps.
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Population is estimated at 80,810,525 in 2017
https://en.wikipedia.org/wiki/Turkey
https://en.wikipedia.org/wiki/List_of_countries_by_population
Economy of Turkey
https://en.wikipedia.org/wiki/Economy_of_Turkey
GDP per capita $28,346 (PPP)
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita
Turkey is 53rd
GDP per capita $11,114 (nominal)
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)_per_capita
Turkey is 63rd
List of countries by GDP (nominal)
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)
List of countries by GDP (PPP)
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)
Turkey is much higher on the absolute (not per capita) measures, due to its high population of 80 million. 19th highest on earth.
https://en.wikipedia.org/wiki/List_of_countries_by_population
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https://www.investing.com/rates-bonds/european-government-bonds
At the time of writing,
2Y at 13.55%
10Y at 12.30%
so significant inversion of 156 bps.
****************************************************
Population is estimated at 80,810,525 in 2017
https://en.wikipedia.org/wiki/Turkey
https://en.wikipedia.org/wiki/List_of_countries_by_population
Economy of Turkey
https://en.wikipedia.org/wiki/Economy_of_Turkey
GDP per capita $28,346 (PPP)
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)_per_capita
Turkey is 53rd
GDP per capita $11,114 (nominal)
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)_per_capita
Turkey is 63rd
List of countries by GDP (nominal)
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal)
List of countries by GDP (PPP)
https://en.wikipedia.org/wiki/List_of_countries_by_GDP_(PPP)
Turkey is much higher on the absolute (not per capita) measures, due to its high population of 80 million. 19th highest on earth.
https://en.wikipedia.org/wiki/List_of_countries_by_population
.
For foreign investors that only matters if the currency depreciates... which it does I guess.
"Turkey Surprises With Bigger Rate Hike to Bolster Lira"
https://www.bloomberg.com/news/arti...gger-rate-hike-than-forecast-to-shore-up-lira
EUR/TRY appreciated to 4.9215 at 7.01am ET, but by 7.35am it had depreciated to 5.0115.
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https://www.bloomberg.com/news/arti...gger-rate-hike-than-forecast-to-shore-up-lira
EUR/TRY appreciated to 4.9215 at 7.01am ET, but by 7.35am it had depreciated to 5.0115.
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So nett it's even in the long term?