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Business & Finance

Turkey benchmark yield falls to 8.27pc

Published Updated

13323ISTANBUL: The yield on Turkey's two-year benchmark bond fell to 8.27 percent, its lowest since October 2011, on Tuesday following lower-than-expected inflation data, having stood at 8.41 percent beforehand.

The Turkish lira traded flat at 1.8002 versus the dollar, compared with 1.7999 before the figures.

The benchmark bond had closed at 8.44 percent while the lira traded at 1.8073 against the dollar late on Monday.

Copyright Reuters, 2012

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