Turkish Lira Rises After Failed Coup as Stocks Slide With BondsBy
Borsa Istanbul 100 Index retreats the most in three years
10-year yields soar most since 2013, corporate bonds decline
Turkey’s lira rebounded from its biggest retreat in eight years after the government thwarted a coup attempt that erupted Friday. Bonds tumbled as the cost of insuring the country’s debt soared, while the nation’s largest lenders led a slump in stocks.
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