Thursday, January 27, 2011

Turkish Bonds Head for Biggest Decline Since Crisis on Inflation Concerns - Bloomberg

"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