On the face of it, this might not seem the right time to be investing in Turkey.

Terrorists attacked the main airport in Istanbul, a foiled coup raised questions about political stability, and the country’s debt is being downgraded by rating agencies — all of this happening within a span of two weeks.

So what were the best-performing investments in the global economy last week?

You guessed it: Turkish stocks and bonds — up 6.6 and 3.8 percent in dollar terms, according to Merrill Lynch.

Emerging markets are known for their wild, discordant swings, but this mini-rally in Turkey, brief as it may be, highlights just how much risk yield-starved investors are willing to take on when $11 trillion worth of bonds of governments around the world are offering up negative returns.

That is why a Turkish 10-year bond that offers a 9 percent reward can be tempting, even if that country’s inflation rate is 8.7 percent and rising and its currency is heading south.