Turkish benchmark bond down in OTC trade after Fed outlook

ISTANBUL: Turkey's benchmark May 15, 2013 bond yield rose to 8.24 percent in early over-the-counter trade on Thursday, from a close of 8.16 percent on Wednesday, after the Federal Reserve outlook increased outflows from emerging markets.

The Fed said that the United States faced a grim economic outlook with significant downside risks.

Turkey's benchmark yield rose to 8.30 percent on Sept. 20, its highest level since Aug. 9, on rising European debt worries and the lira's depreciation against the dollar.