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Tuesday, March 01, 2011

Turkey Is Biggest Loser in Worst Emerging Bond Rout Since 2008 on Mideast - Bloomberg

"Turkey Is Biggest Loser in Worst Emerging Bond Rout Since 2008 on Mideast
By Michael Patterson and Steve Bryant - Mar 1, 2011 11:01 AM ET

Government securities in lira lost 10 percent for dollar-based investors in the period as the currency touched an eight-month low. Photographer: Kerem Uzel/Bloomberg

The biggest selloff in emerging- market debt since 2008 is hitting Turkey hardest as unrest in the Middle East threatens to widen the country’s current-account deficit and boost inflation."

More:Turkey Is Biggest Loser in Worst Emerging Bond Rout Since 2008 on Mideast - Bloomberg