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Monday, May 09, 2011

Turkish Bond Yields Fall After Treasury Sells Debt at Lower Cost - Bloomberg

"Turkish Bond Yields Fall After Treasury Sells Debt at Lower Cost
By Mark Bentley - May 9, 2011 9:36 AM ET

Turkish bond yields fell for the third day after borrowing costs declined at the sale of 3.74 billion liras ($2.43 billion) of three-year debt, double the amount in April.

Yields on benchmark two-year bonds dropped seven basis points to 8.34 percent at 4:34 p.m. in Istanbul, according to the RBS Istanbul Benchmark Bond Index. "

More:Turkish Bond Yields Fall After Treasury Sells Debt at Lower Cost - Bloomberg