Citi Says Sell Dollar for Liras Via 3-Month Forwards

(Corrects to show Citigroup recommends selling dollars.)

Citigroup Inc. said it recommended selling dollars versus the lira via three-month forwards.

Yields on Turkish two-year bonds may decline to 10 percent, according to an e-mailed report by Citigroup’s London-based strategist Luis Costa today.

To contact the reporter on this story: Mark Bentley in Istanbul at mbentley3@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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