Skip to content
Subscriber Only

Turkish Lira Slides as Blasts Risk Deepening Political Tension

  • Bombings mark increase in violence before November vote
  • Lira has second-biggest decline among emerging markets
A woman cries at the scene of yesterday's attack outside main train station in Ankara, Turkey on Oct. 11.

A woman cries at the scene of yesterday's attack outside main train station in Ankara, Turkey on Oct. 11.

Photographer: Anadolu Agency/Getty Images
Updated on

Turkey’s lira declined for a second day and bonds fell as bombings in Ankara threatened to ratchet up political tension before elections next month.

The currency weakened as much as 1.8 percent, trading 0.4 percent lower at 2.9218 against the dollar at 6:45 p.m. in Istanbul, after blasts killed at least 97 people at a peace rally on Saturday. The yield on two-year notes rose the most in two weeks.