Friday, July 13, 2007

Turkish Bonds Rise After Central Bank Signals Rate Cut in Last Quarter

(Bloomberg) -- Turkish bonds rose, pushing yields on
lira-denominated debt to their lowest in 13 months after the
central bank said it may start a ``measured'' lowering of interest
rates from October.

Yields fell 16 basis points to 17.66 percent at 11:24 a.m. in
Istanbul, according to ABN Amro benchmark prices. The central bank
kept rates at a 2 1/2-year high of 17.5 percent for the 12th
consecutive month at a monetary policy meeting yesterday.


Read more at Bloomberg Emerging Markets News

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