Tuesday, December 28, 2010

Turkish Bond Yields Extend Record Low on Bank Purchases - Bloomberg

"Turkish Bond Yields Extend Record Low on Bank Purchases
By Selcuk Gokoluk - Dec 28, 2010 2:04 PM GMT+0100

Turkish bond yields extended a record low by declining for a fifth day, the longest streak in six months, due to typical year-end buying by banks.

Yields on two-year benchmark bonds fell 7 basis points to 7.12 percent in Istanbul at 2:42 p.m., after declining to an intra-day low of 7.10 percent, according to RBS Istanbul Benchmark Bond Index."

More:Turkish Bond Yields Extend Record Low on Bank Purchases - Bloomberg