Reply #87: Pssst: Wanna make a quick 18.5% on treasuries? [View All]

http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reuters.com:20060606:MTFH81866_2006-06-06_10-21-34_IST000295&type=comktNews&rpc=44

ISTANBUL, June 6 (Reuters) - The Turkish Treasury on Tuesday sold a net 881.3 million lira ($564 million) in an auction of a 371-day discount bond at an average yield of 18.59 percent, central bank data showed.

Including non-competitive sales ahead of the auction, the total volume was 1.450 billion lira compared with a forecast maximum of 1.5 billion. In a Reuters poll of 10 banks, the average yield was predicted to be 18.44 percent.

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Nb. World Bank sees Turkish mkt volatility continuing
http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reuters.com:20060606:MTFH86647_2006-06-06_13-15-28_IST000296&type=comktNews&rpc=44

ANKARA, June 6 (Reuters) - The World Bank expects Turkey's markets, which have tumbled since early May, to remain volatile over the next couple of months but it does not expect this to result in a crisis, the bank's Turkey representative said.

Andrew Vorkink, the World Bank's country director in Turkey, told reporters on Tuesday financial markets were overreacting to the current situation and said Turkey's economic fundamentals were "correct".

/... Thus, for example, Turkey; thither the USA?