Turkish Bond Yields Drop as Inflation Slows More Than Estimates
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Turkish bond yields fell after inflation in November slowed beyond all economists’ expectations on a decline in food prices.
Yields on benchmark two-year lira debt dropped as much as 10 basis points to 7.61 percent and traded at 7.64 percent at 10:52 a.m. in Istanbul. The lira gained 0.1 percent to 1.4820 per dollar and the ISE National 100 share index rose 0.3 percent to 67,168.00.