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Markets

Turkey's benchmark bond yield rises to 8.69pc in OTC trade

ISTANBUL : Turkish bond yields rose on Monday morning due to increasing global risk aversion after the S&P downgraded th

turkey-lira-bondsISTANBUL: Turkish bond yields rose on Monday morning due to increasing global risk aversion after the S&P downgraded the US credit rating which steered investors towards safer assets.

Turkish benchmark May 15, 2013 bond rose to 8.69 percent in over-the-counter trade from a previous close of 8.52 percent on Friday.

 

Copyright Reuters, 2011