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Wednesday, April 07, 2010

Turkish lira, bonds gain as investors favour emerging mkts

"Turkish lira, bonds gain as investors favour emerging mkts

ISTANBUL, April 7 (Reuters) - The Turkish lira hit a two-month high against the dollar on Wednesday, and bond yields retreated from recent inflation-fuelled highs, as foreign investors sought higher-yielding emerging assets.
Markets ignored news of three high-profile arrests late on Tuesday, following a fresh wave of military detentions in connection with an alleged 2003 coup plot, as shares eased only slightly from a record high set on Monday."

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