Markets

Turkish 10-year bond yield rises as Fed signals ending stimulus

Published June 20, 2013 Updated June 20, 2013 08:13am

1 min

By Shoaib Ur Rehman

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ISTANBUL: The Turkish 10-year bond yield rose to 7.6 percent on Thursday from a previous close of 7.39 percent amid concerns global investors will dump riskier emerging-market assets following the US Federal Reserve's signal it may end bond buying this year.

Federal Reserve Chairman Ben Bernanke said on Wednesday his central bank would start to reduce stimulus measures later this year if the economy is strong enough.

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