Turkey Yields Sink First Week in Five as Funding Rate Declines
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Turkish yields slid for a third day, posting their first weekly drop in five weeks, as the central bank provided funding at rates below inflation.
Yields on two-year benchmark debt decreased 19 basis points, or 0.19 percentage points, to 10.81 percent at the 5 p.m. close in Istanbul, a Turk Ekonomi Bankasi index of the securities showed. That gives a weekly decline of 65 basis points. The lira slumped 0.7 percent to 1.8644 versus the dollar, weakening for the first time in six days.