Wall Street Banks Boost Turkey Bets as Court Delay Brings Relief

JPMorgan Chase & Co. and Morgan Stanley are advising clients to buy Turkish bonds and the lira, after the postponement of a court ruling on a key opposition figure offered a reprieve from political risks.

Strategists at both banks expect investors to shift their focus to Turkey’s slowing inflation and the prospect for interest-rate cuts, which should bolster markets in the coming months.