Turkish Stocks Gain to 3-Week High as Moody’s Delay Spurs Lira

  • Credit-default swaps head for biggest decline since March
  • Nation’s five-year bonds gain first time in more than a week

Turkish stocks rose to a three-week high and government bonds advanced as Moody’s Investors Service’s decision to extend its review of the country’s credit rating drew investors chasing higher yields in emerging markets.

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