Morning Note /
Global

Turkey: London O/N TRY rates have come down to 16%

  • Extreme volatility in equities continue as some of the best performers of the past 2 months were limit down once again

  • All the TRY short positions to hedge long equities positions forced hedge funds to scramble to fin TRY the past 2 days

  • Banks, aviation should continue to be strong, while we could also see a rebound from steel names, Tupras, Migros.

Batuhan Ozsahin
ATA Invest
23 December 2021
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