Turkish Markets Tumble as Diplomatic Row With U S Escalates

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Turkish Markets Tumble as Diplomatic Row With U S Escalates
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The lira traded 2.8 percent weaker at 3.7190 per dollar as of 4:57 p.m. in Istanbul. The yield on the nation's 10-year bonds surged 35 basis points to 11.44 percent. The cost of insuring Turkey's sovereign debt for five years climbed six basis points to 182 basis points.

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