Tuesday, September 06, 2011

Turkey Sells Less Debt Than Expected, Pushing Up Yields - Bloomberg

Turkey Sells Less Debt Than Expected, Pushing Up Yields

By Selcuk Gokoluk - Sep 6, 2011 8:46 AM ET

Turkey sold a net 1.52 billion liras ($860 million) of 20-month benchmark bonds at an average yield of 7.70 percent at an auction today, pushing yields in the secondary market higher because traders said demand was less than expected.

More:Turkey Sells Less Debt Than Expected, Pushing Up Yields - Bloomberg