July 10, 2018 / 7:10 AM / 4 months ago

Turkey dollar-bonds tumble after President Erdogan appoints cabinet

LONDON, July 10 (Reuters) - Turkey’s dollar-denominated bonds fell across the curve on Tuesday after President Tayyip Erdogan unveiled his new cabinet, putting his son-in-law in charge of the economy and leaving out some familiar market-friendly faces.

The 2036 and 2038 issue dropped more than 2 cents - their steepest daily decline in more than a month, according to Tradeweb data. (Reporting by Karin Strohecker)

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