19 June 2013, Wednesday
New York
New York

TURKISH BENCHMARK BOND HITS HIGHEST SINCE MAY

  • NewArticle
  • Published:07 Mart 2011, Pazartesi
  • Updated:07 Mart 2011, Pazartesi

The yield on Turkey's benchmark Nov. 7, 2012, bond <0#TRTSYSUM=IS> rose to 9.12 percent, its highest since May, as rising oil prices and fears over their impact on the hit sentiment.

95 percent of the crude it uses.

The bond closed at 8.99 percent last Friday. The Turkish lira IYIX= also traded weaker at 1.603 from a previous close of 1.5975 and stocks were expected to open lower.