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Turkey Credit Default Swaps Jump to 19-Year High Amid Lira Woes

Customers wait to use bank automated teller machines in Ankara on May 31.

Customers wait to use bank automated teller machines in Ankara on May 31.

Photographer: SeongJoon Cho/Bloomberg
Updated on

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The cost to insure against a debt default by Turkey’s government in the next five years surged, heading for the highest closing level in almost two decades.