Data from Turkey's central bank indicates that international investors offloaded $1.83 billion in government and corporate bonds during a three-week period ending October 2. This sell-off, which includes $1.01 billion in sovereign debt and $826 million in corporate securities, coincides with a domestic investment fund crisis impacting approximately 500,000 individuals. During the final week of this period, foreign capital also exited the equity market, totaling $189.9 million in stock sales. Concurrently, central bank figures reveal a $5.22 billion rise in foreign currency deposits held by local entities and residents, excluding exchange rate fluctuations. The Capital Markets Board has intervened as the market faces these significant capital outflows and liquidity concerns.
Source : Turkish Minute
