Turkey’s dollar-denominated government bonds came under further pressure on Monday amid rising concerns that Washington could slap sanctions on Ankara over its purchase of a Russian air defense system.
The 2041 bond fell 1.23 cents in the dollar to 83.44 cents, suffering its seventh straight day of losses and hitting the lowest level since June 20, according to Refinitiv data.
NATO member Turkey has started taking delivery of the first consignment of advanced Russian S-400 missile defense system parts on Thursday despite warnings from Washington that the move would trigger US sanctions.
Turkish markets are closed for a public holiday on the anniversary of the failed 2016 coup.
Erdogan says Trump can waive sanctions on TurkeyUS President Donald Trump has the authority to waive sanctions on Turkey for its purchase of Russian air defense systems and should find a ... World News
Turkey will drill for gas until Greek Cypriots accept plan: MinisterTurkey will continue drilling for gas in waters off Cyprus if the internationally recognized Greek Cypriot government does not accept a cooperation ... World News
Russia delivers more air defense equipment to TurkeyRussia flew a fresh shipment of advanced air defense equipment to Turkey on Saturday, the Turkish Defense Ministry said, continuing to implement a ... World News
Fitch downgrades Turkey’s debt after central bank chief dismissalRatings agency Fitch on Friday downgraded Turkey’s sovereign debt by one notch to ‘BB-’ with a negative outlook, after President ... Economy