I.M.F.: Turkish Bonds Attract High Demand From International Investors

WASHINGTON/ANKARA - International Monetary Fund (IMF) has said that Turkish debenture bonds attracted high demand from the international investors.
IMF's Global Financial Stability Report indicated, ''for higheryielding credits such as Brazil and Turkey, the credit risk premium is high and changes in country risk affect yields on external debt, the exchange rate, and yields on domestic debt at the same time, resulting in high correlations among these assets, particularly in times of stress.''
The report noted that although international investors did not show high interest in the emerging countries, some countries including Turkey attracted more investment due to rise in their credit ratings.