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Tuesday, December 27, 2011

Turkey Yields Rise as Bank Says Inflation May Exceed 10 Percent - Bloomberg

Turkey Yields Rise as Bank Says Inflation May Exceed 10 Percent

By Aydan Eksin - Dec 27, 2011 7:07 AM ET

Turkish bond yields rose after the central bank said inflation may exceed 10 percent in December and the first quarter, twice its target level.

Yields on the two-year benchmark notes increased 10 basis points, or 0.1 percentage point, to 10.61 percent at 1:54 p.m. in Istanbul to the highest intraday level in a week, according to the RBS Istanbul Benchmark Bond Index. The lira was little changed at 1.8929 per dollar.

More:Turkey Yields Rise as Bank Says Inflation May Exceed 10 Percent - Bloomberg