Turkey Bond Yields Rise 3rd Day as Banks Raise Cash Before Sale
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Turkey’s borrowing costs rose for a third day as investors sold debt holdings to rotate into tomorrow’s issuance of 15-month bonds on bets yields will not fall any further.
Yields on benchmark two-year notes rose 3 basis points, or 0.03 percentage point, to 6.02 percent at the close in Istanbul. The lira weakened less than 0.1 percent against the dollar to 1.7713 in its second day of declines.