Turkish assets widen on opposition arrests, shuts market to new issues
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Emerging MarketsCEE

Turkish assets widen on opposition arrests, shuts market to new issues

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Turkish bonds sold off some 30bp on Friday after President Recep Erdogan’s crackdown on the country’s pro-Kurdish opposition escalated with two high profile arrests. The widening is likely to halt Turkish bond issuance for this year, according to an EM DCM banker focused on the region.

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