"Turkish Bonds Head for Biggest Decline Since Crisis on Inflation Concerns
By Selcuk Gokoluk -
Turkish bonds headed for the biggest monthly loss since the financial crisis as concern increased that future inflation will be higher than previously expected, reducing profit from bonds.
Benchmark two-year debt weakened, with yields gaining as much as 15 basis points to 7.97 percent. Yields rose 6 basis points to 7.88 percent at midday in Istanbul. They’ve risen 77 basis points this month, the most since October 2008. "
More:Turkish Bonds Head for Biggest Decline Since Crisis on Inflation Concerns - Bloomberg