ISTANBUL: Turkish bond yields inched up in thin trade on Monday as a rise in Istanbul retail prices pointed to higher nationwide inflation when figures are released this week.
Retail prices in Turkey's largest city rose 0.93 percent month-on-month in March, the Istanbul Chamber of Commerce said on Monday. Turkish inflation data for March is due on Wednesday.
By 1440 GMT the two-year bond yield was at 6.38 percent, compared with 6.36 percent on Friday.
The lira was at 1.8072 against the dollar, firming from 1.8096 late on Friday. Against its euro-dollar basket, it eased to 2.0648 from Friday's 2.0643.
Markets shrugged off data which showed the economy grew 2.2 percent last year, weaker growth than economists had expected, with manufacturing data for March suggesting a recovery was around the corner.
The market will be eying a Treasury auction on Tuesday of a reissue of a 14-month zero-coupon bond and 10-year fixed-coupon bond. The Treasury sold 1.148 billion lira ($634.6 million) in a tap of a seven-year floating rate note (FRN) on Monday at an average price of 98.045 lira, data showed.
Istanbul's main share index rose 0.25 percent to 86,112.33 points, outperforming a 0.25 percent fall in the global emerging markets index.
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