New York
MILITARY uprising, war across the border and the threat of a credit downgrade are not deterring investors from Turkey's bonds, with US money managers Eaton Vance Corp and Newfleet Asset Management LLC among those sticking to or raising bets.
More than US$4 billion has flowed into the nation's local-currency bonds this year, with US$638 million arriving since the botched coup in July and most of that in the week ending on Aug 26, according to the latest central bank data. Net inflows to bond funds investing in lira and US dollar-denominated Turkish securities were US$281 million in August, according to data compiled by EPFR Global.
Turkish debt's main draw is its yield, with 10-year notes...
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