Turkish lira banknotes are seen in this file photo illustration shot in Istanbul, Turkey January 7, 2014. Turkeyâ€™s central bank is expected to make an interest rate decision this week. REUTERS/Murad Sezer
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The lira weakened a fourth day as Russia ratcheted up pressure on Turkey for shooting down one of its jets and traders weighed a change in wording in the government's policy program regarding central bank independence.The currency headed for its longest losing streak in two months and bond yields climbed to the highest in more than six weeks as Russia started trade retaliation after Tuesday's incident. Turkey's new government dropped the word "independent" from a reference to the central bank's choice of monetary policy and tools in its program announced Wednesday.The yield on 10-year government notes jumped 16 basis points to 10.21 percent, the highest since Oct. 14 on a closing basis.
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