Kerim Karakaya

It took less than a week for one of Citigroup Inc.’s recommended Trump trades to sink under water.

(Bloomberg) -- South Africa’s first dollar bond sale since 2022 drew strong demand, signaling confidence in a coalition government formed after May elections.Most Read from BloombergThe Leaf Blowers Will Not Go QuietlyArizona Elections Signal Robust Immigration Enforcement Under TrumpScoring an Architectural Breakthrough in Denver’s RiNo DistrictThe country raised $3.5 billion through two bonds with maturities of 12- and 30-years, priced at yields of 7.1% and 7.95% respectively. Demand for the n

Turkey’s lira depreciated on Monday as state lenders abstained from aggressively defending the exchange rate and traders responded by unwinding some carry trades, according to people familiar with the matter.

The cost of borrowing Turkish liras overnight in the offshore market spiked above 50% for the first time since early September as traders exited some of their so-called carry positions amid currency losses.

(Bloomberg) -- Investors are underestimating trade war risks under a Donald Trump presidency, according to strategists at Bank of America Corp. who predict a 5% slide in emerging-market currencies over the first half of 2025, and a selloff in sovereign debt.

(Bloomberg) -- China could allow its yuan to depreciate by as much as 10-15% in response to any trade wars unleashed by President-elect Donald Trump, according to JPMorgan Chase & Co.

A senior Turkish central banker told international investors this week that authorities expect to intervene less in the foreign-exchange market over time, according to people familiar with the discussions.

(Bloomberg) -- Lebanon's defaulted dollar bonds have almost doubled in less than three months, and one trader who caught the surge from the beginning

Momentum in South Africa's equity market sparked by a landmark election earlier this year is maintaining its pace, with the stock exchange's own shares one of the targets for investors chasing returns.

Momentum in South Africa’s equity market sparked by a landmark election earlier this year is maintaining its pace, with the stock exchange’s own shares one of the targets for investors chasing returns.