Turkish Yields Rise 2nd Day as Central Bank Limits Repo Funding
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Turkish bonds yields climbed for a second day as the central bank restricted funding at an auction of repurchase agreements today. The lira rose, extending the biggest weekly gain in the world.
Two-year benchmark note yields rose 10 basis points to 11.05 percent, near the highest since January 2012 and taking this month’s increase to 95 basis points, as of 5:24 p.m. in Istanbul. Turkey’s currency rose 0.4 percent to 2.2611 per dollar, trimming a gain this week to 3.3 percent, the most among 24 emerging-market peers monitored by Bloomberg.