Turkish lira, bonds trade stronger on IMF loan agreement hopes
Hurriyet Daily News with wires
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The lira traded slightly above 1.62 levels in morning trade after closing at 1.640 on Wednesday. The yield on the benchmark bond maturing on Nov. 3, 2010, fell to 13.63 percent in pre-opening trade from the previous day's close of 13.95 percent, as the benchmark Istanbul Stock Exchange market also gained some 3 percent.
Turkish Prime Minister Tayyip Erdogan said on Wednesday before heading to
An IMF deal is crucial for supporting
'The impression derived from Erdogan's statement that a deal with the IMF is very close reinforced optimism in the Turkish financial markets,' Reuters quoted HSBC strategist Fatih Keresteci as saying.
Erdogan is expected to meet the IMF managing director in
Asian stocks rose on Thursday, with investors seeing a sliver of hope the