Roubini Topic Archive: Government Bonds
I remembered this famous scene when Turkish bonds rallied strongly after the favorable March inflation release on Monday. My precautionary stance towards bonds stems mainly from my belief that markets seem to have been fooled by the inflation figure, whereas supply and demand dynamics paint a mixed picture for bond prospects.
Recent research by Ozan Acar, prepared during his stint as a guest researcher at the Brookings Institution, discusses why Turkey is still rated below investment grade by the credit rating agencies, or CRAs, and whether an upgrade is on the cards.
One of the most impressive Turkish economics developments this year has been the rapid loan growth.
Corporate, consumer and housing loans have each registered more than 10 percent rises in the year to date. Annualized, this would translate to a growth of around 50 percent. But before you bring out the party gear, it is important to heed a couple of important disclaimers.