May 1, 2020 / 10:01 AM / a month ago

Turkey's government bonds drop as lira falls past 7 per dollar

LONDON, May 1 (Reuters) - Turkey’s dollar-denominated bonds fell across the board on Friday, after the country’s lira dropped past the psychological 7-per-dollar mark for the first time since a currency crisis in August 2018.

With markets impacted by a public holiday in Turkey and many European countries, Turkey’s 2041-maturing bond dropped just over 0.9 cents while other shorter-dated bonds fell between 0.1 and 0.8 cents. (Reporting by Marc Jones; Editing by Tom Arnold)

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