Lira Rises as Turkey Bonds Extend Gains After Interest-Rate Cut

Updated on
  • Central bank cuts overnight-lending rate by 25 basis points
  • Yield on nation’s ten-year lira bonds falls to July 15 low

Where Next for EM Currencies and the Lira?

Turkey’s currency rose and its bonds, among the highest-yielding in emerging markets, extended their advance after the central bank cut a key interest rate for a seventh straight month amid demand for risky assets.

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