Markets

Turkish benchmark bond down in OTC trade after Fed outlook

Published September 22, 2011 Updated September 22, 2011 07:31am

The Fed said that the United States faced a grim economic outlook with significant downside risks.

Turkey's benchmark yield rose to 8.30 percent on Sept. 20, its highest level since Aug. 9, on rising European debt worries and the lira's depreciation against the dollar.

Copyright Reuters, 2011