(Bloomberg) — The lira fell with Turkish government bonds as Russian President Vladimir Putin expressed concern over Ankara’s military campaign into northeast Syria, compounding a volatile week marked by an international backlash to the Turkish incursion.

The currency fell to a session low just shy of 5.88 per dollar after Putin said he was not sure whether the Turkish army will be able to quickly take this situation under control, according to comments carried by Interfax. The yield on the two-year government note jumped 22 basis points to 15.05%, nearing a high touched earlier this week.

The losses come after…



Read More

Leave a Reply

Your email address will not be published. Required fields are marked *