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coronavirus
Coronavirus
VERY HIGH
Source: covid.gov.pk
Pakistan Deaths
29,065
2324hr
Pakistan Cases
1,353,479
7,67824hr
Sindh
516,874
Punjab
458,879
Balochistan
33,812
Islamabad
115,047
KPK
183,403

LONDON: Turkey's dollar-denominated sovereign bonds tumbled on Thursday for an eighth straight session and the cost of insuring exposure to its debt soared to a 6-1/2 month high as the lira suffered another sharp sell-off.

Many dollar bond issues plumbed multi-month lows after suffering a losing streak last seen in June 2017. The 2030 bond  fell 1.9 cents in the dollar to trade at 125.128 cents - the lowest level since September 2018, according to data from Tradeweb.

Turkey's 5-year credit default swaps (CDS) soared to 506 basis points (bps), up 36 bps from Wednesday's close, having now jumped by some 177 bps over the past week, data from IHS Markit showed.

Copyright Reuters, 2019

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