Mobile  |  About us  |  Photos  |  Videos  |  Subscriptions  |  RSS Feeds  |  Today's Paper  |  Classifieds  |  Contact Us
The Daily Star
WEDNESDAY, 23 APR 2014
04:38 PM Beirut time
Weather    
Beirut
25 °C
Blom Index
BLOM
1,214.01down
Middle East
Follow this story Print RSS Feed ePaper share this
Turkish bond yields see highest jump in a week
Bloomberg
A+ A-

Turkish bond yields headed for the biggest jump in more than a week and default swaps rose after Turkey fired into Syrian territory in retaliation to shelling by its neighbor Wednesday that killed five people.

Concern that Turkey’s 720,000-strong military will be dragged into a conflict led yields on two-year benchmark debt four basis points, or 0.04 percentage point, higher to 7.61 percent at the close in Istanbul, the most since Sept. 26. Credit default swaps advanced for the first time in six days by three basis points to 153, data shows.

The parliament voted by 320 to 129 after a three-and-a-half-hour debate in favor of a one-year mandate for the government to order military operations outside Turkey, according to the assembly’s press office.

“The whole picture is unpleasant and must be monitored very carefully,” Suha Yaygin, deputy head of emerging markets at Toronto Dominion Bank in London, said in emailed comments.

 
A version of this article appeared in the print edition of The Daily Star on October 06, 2012, on page 4.
Home Middle East
 
     
 
Turkish bonds / Turkey / Economics
Advertisement
Comments  

Your feedback is important to us!

We invite all our readers to share with us their views and comments about this article.

Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.

comments powered by Disqus
Advertisement


Baabda 2014
Advertisement
Follow us on Facebook Follow us on Twitter Follow us on Linked In Follow us on Google+ Subscribe to our Live Feed
Multimedia
Images  
Pictures of the day
A selection of images from around the world- Wednesday, April 23, 2014
View all view all
Advertisement
Rami G. Khouri
Rami G. Khouri
Israel shows Zionism’s true colors
Michael Young
Michael Young
Why confuse gibberish with knowledge?
David Ignatius
David Ignatius
Echoes of 1914 characterize the Ukraine crisis
View all view all
Advertisement
cartoon
 
Click to View Articles
 
 
News
Business
Opinion
Sports
Culture
Technology
Entertainment
Privacy Policy | Anti-Spamming Policy | Disclaimer | Copyright Notice
© 2014 The Daily Star - All Rights Reserved - Designed and Developed By IDS