The highest-yielding government bonds for Turkish investors in June... and losses for holders of gold and foreign currencies
Data from the Turkish Statistical Institute showed that government bonds achieved the highest real return for investors in June at 2.42%, while gold investors suffered real losses amounting to about 10%, amid the decline of the euro and the dollar.
Data from the Turkish Statistical Institute (TÜİK) for June showed that government bonds achieved the highest real return for investors, at 2.42%, followed by time deposit accounts with a return of about 2.17%.
Bilal Emin Turan, director of the economics department at Posta newspaper, said that the value of government bonds is rising while their interest is declining, explaining that the relationship between them is inverse, that is, government bond returns are rising.
Turan added. The end of the war between the United States and Iran and the decline in oil prices strengthened confidence in Turkish markets, which supported the flow of capital from abroad. He pointed out that whoever invested 100,000 liras in gold can today recover it for only 90,000 liras, meaning that the value of his money has been eroded.
In June, gold investors incurred a real loss amounting to about 10%. Economist Burak Aslan said: “When you buy a product at the wrong time, you always lose money, or miss the opportunity to make a profit if you do not sell it when its value increases.”
The scene did not change on the foreign exchange side, as the euro lost about 9.5% of its real value, and the dollar about 8%.
This story was produced with machine-translation assistance, then went through human editorial review for accuracy and sourcing.
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