"Turkish Bond Yields Rise to Eight-Week High; Bank Shares Rally
By Selcuk Gokoluk -
Turkish bond yields rose to the highest level in eight weeks as banks sold debt to build reserves and maintain lending after policy makers raised reserve requirements for second time in five weeks.
The yields on two-year benchmark bonds increased for the first time this week, climbing as much as 24 basis points to 7.83 percent, the highest level since Nov. 30. They traded at 7.82 percent at the 5 p.m. close in Istanbul. Financial stocks rebounded from the lowest level since July, while the lira weakened for a second day. "
More:Turkish Bond Yields Rise to Eight-Week High; Bank Shares Rally - Bloomberg
