The countries of the Middle East are the absolute leaders in terms of mineral reserves which represent the largest source of their export income. Such dependence on raw materials creates a high vulnerability to falling oil prices. This in turn may lead to a budget deficit that can be covered by issuing government bonds. An increased demand for bonds indicates that investors perceive such state as a politically stable one and expect further economic development in the foreseeable future.
|TR10 Turkey Government Bonds 10 Yr||91.02||-0.60%||-0.55||91.70||91.02||Sell|