Brunson release solidifies new levels for Turkey

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By Lewis McLellan
15 Oct 2018

The decision on Friday by the Turkish constitutional court to release the American pastor Andrew Brunson provided a surge of relief for investors in the beleaguered nation, although most of the tightening in debt spreads happened in advance.

“The impact of the decision wasn’t that significant because there was such a build-up in anticipation,” said an emerging markets investor in London. “By the time it occurred, it wasn’t a surprise.”

Turkish government dollar 10 year bond yields fell around 37bp over the course of last week, ...

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