Bond Slump Sends Turkey’s Yields Up Most Among Peers in July

  • Yield on 10-year lira debt jumps 45 basis points in month
  • Lira falls most after Colombian peso among developing nations

Declines in Turkey’s bonds in July drove yields to the biggest increase in emerging markets after a failed coup sparked a government crackdown and a credit downgrade by S&P Global Ratings sent the lira to a record-low.

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