Turkish benchmark bond hits highest since May
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 Turkish economy hit sentiment.
Turkey imports 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.
Last Update: March 07, 2011 10:34