The Turkish lira has fallen some 40% against the USD this year, but there is surely a limit to how much farther it can go. Anyway, I noticed my broker is selling some bonds from the European Investment Bank that are denominated in lira. The interest rate being offered is 20.6% with three years left on the bonds. Does anyone who knows more about bonds think this is a reasonably good opportunity? The same broker includes TRY in its forex pairs, so I could even hedge the bond if I wanted to.
Submitted August 29, 2018 at 06:06AM by captainhaddock https://ift.tt/2ohhomq
