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Investing.com -- Turkey has initiated the sale of its first dollar-denominated bond for 2025, aiming to capitalize on low borrowing costs during a week where emerging-market debt sales are particularly active.
The bond, which has a term of seven years, is predicted to yield approximately 7.5%, according to an anonymous source with knowledge of the situation. The source has chosen to remain unnamed due to not being authorized to publicly discuss the details of the transaction.
The difference in yield that investors require to hold Turkey’s dollar bonds over US Treasuries has decreased nearly one percent over the past year. This reduction is largely attributed to Turkey’s shift towards more traditional monetary and fiscal policies, which has enhanced the attractiveness of its markets.
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