It’s all about yields, Turkish. Isn’t it?

Posted by trywalker / 10:36 a.m. @ Hong Kong

Feb 17

Sometimes you look at different things than usual to make up your mind to decide on the direction of the market and when that happens, other spot monkeys who don’t care about local debt or equity markets in EM and think big accounts are always right, never lose money, are always ready to give hard time by just making sarcastic jokes. I just remembered some of those jokes which mostly started with ” It s all about yields, Turkish. isn’t it? “. Funny now, most of them later on started to re-invent the correlations between local debt yields & equity markets and sent a lot of charts to convince ! their customers that they know their onions in EM.

Here is the latest yield curves.