Turkish Lira (TRY)

[m22au]

"Turkey Inflation Soars To 15 Year High As Central Bank Pledges Imminent Rate Hike"
https://www.zerohedge.com/news/2018...-high-central-bank-pledges-imminent-rate-hike

Central bank meeting on Thursday September 13
http://www.tcmb.gov.tr/wps/wcm/connect/EN/TCMB+EN/Main+Menu/Announcements/Calendar

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[dealmaker]

a Barclays trader lost $19 million trading Turkish bonds over three days.

https://nordic.businessinsider.com/...-losers-market-barclays-deutsche-bank-2018-8/

 

[m22au]

"Turkish Lira Crashes After Erdogan Attacks Central Bank Hours Before Rate Decision"
https://www.zerohedge.com/news/2018...ogan-attacks-central-bank-hours-rate-decision

"The Turkish central bank is set to announce its benchmark one-week policy rate at 2 pm in Istanbul. The median estimate in a Bloomberg survey forecast the rate would be increased to 21 percent from 17.75%."

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[m22au]

"Lira Soars After Massive Rate Hike Of 625bps To 24%"
https://www.zerohedge.com/news/2018-09-13/lira-soars-after-massive-rate-hike-625bps-24

Central bank decision was announced at 2pm Istanbul time, 7am in New York, 12pm Central European Time.

Turkey central bank meeting dates
http://www.tcmb.gov.tr/wps/wcm/connect/EN/TCMB+EN/Main+Menu/Announcements/Calendar

next meeting:
25 October 2018

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[m22au]

The articles below contains some good information (albeit a bit stale now) about the bond prices of Turkish banks, and the dollar denominated debt due in the next 18 months.

15 August 2018
"16 Billion Reasons Why Turkey's Currency Crisis Will Become A Debt Crisis"
https://www.zerohedge.com/news/2018...rkeys-currency-crisis-will-become-debt-crisis

which was probably prompted by this Bloomberg article:
14 August 2018
"This $16 Billion Turkish Wall of Debt Is at Risk From Lira Crash"
https://www.bloomberg.com/news/arti...rkish-wall-of-debt-is-at-risk-from-lira-crash

"Turkish Banks' Ability to Extend Debt Is Key in Crisis"
https://www.bloomberg.com/news/arti...rs-ability-to-roll-over-debt-is-key-in-crisis

****

15 September 2018
"Turkish Banks Liquidate Gold In Currency Crisis Panic"
https://www.zerohedge.com/news/2018...-crisis-turkish-banks-liquidate-20-their-gold

likely prompted by this Bloomberg article:

14 September 2018
"As Lira Crisis Raged, Turkish Banks Were Cashing In Their Gold"
https://www.bloomberg.com/news/arti...-5-billion-gold-reserves-to-shore-up-finances

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[m22au]

Announcement expected on Thursday about possible bailout for Turkish banks.
I guess this shouldn't come as a big surprise.

"Turkish Lira Plunges As Ankara Prepares Non-Performing Loan Bailout For Local Banks"
https://www.zerohedge.com/news/2018...pares-non-performing-loan-bailout-local-banks

"Turkey Planning Help for Banks on Anticipation of Bad Loans"
https://www.bloomberg.com/news/arti...n-help-for-banks-on-anticipation-of-bad-loans

Quote list
https://finance.yahoo.com/quotes/us...s,akbty,tkgby,thbiy/view/v1?ltr=1&bypass=true

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[dealmaker]

Turkish Recession

Turkey slipped into recession in the last quarter, with a Q4 contraction of 2.4% (the previous quarter's was 1.6%, so the shrinkage is getting worse.) The reason? The trade war with the U.S. that hit the Turkish lira, which made imports more expensive. BBC

 

[pipeguy]

With rising popularity of carry trade in the 1Q of 2019, Lira looks still undervalued. Anybody knows where we can trade lira safely to earn swaps?

 

[dealmaker]

"

https://twitter.com/x/status/1110737717162201088

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[Stockolio]

Interesting development happening in Turkey... There Central Bank is battling shorter's in there currency it seems, spilling into equities. Short squeeze for the books, interesting remaining of week