Markets

Turkey's 2 year bond yield drops to year low on rate cut hints

Published April 30, 2014 Updated April 30, 2014 09:07am

1 min

By Shoaib Ur Rehman

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ISTANBUL: Turkey's two-year benchmark bond yield on Wednesday fell to 9.22 percent, its lowest rate so far this year after the Central Bank Governor Erdem Basci hinted at the possibility of a rate cut.

The bond had traded at 9.51 percent before Basci's remarks at a presentation of the quarterly inflation report. The lira also firmed to 2.1157 against the dollar.

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