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BlackRock's Turkish Bond Holdings Rise as Prices Slide

Selcuk Gokoluk
BlackRock's Turkish Bond Holdings Rise as Prices Slide

Out of the five most-traded Turkish dollar bonds, the world’s biggest money manager’s positions in four increased in the third quarter, according to a filing on July 27. Sam Finkelstein, head of emerging markets at Goldman Sachs Asset Management, warned last week of a “vicious cocktail” for Turkish assets including U.S. threats to sanction the country and the central bank’s decision to unexpectedly hold rates last week.