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Tuesday, November 06, 2012

Turkey Yields Drop to Record Low as Upgrade Spurs Rate-Cut Bets - Bloomberg

Turkey Yields Drop to Record Low as Upgrade Spurs Rate-Cut Bets
By Selcuk Gokoluk - Nov 6, 2012 10:47 AM ET

Turkey’s bond yields fell to a record on bets the central bank has room to lower interest rates after the nation’s upgrade to investment grade by Fitch Ratings yesterday pushed the lira to the highest in six months.

More:Turkey Yields Drop to Record Low as Upgrade Spurs Rate-Cut Bets - Bloomberg