Turkish bonds, stocks firm ahead of inflation data

ISTANBUL, July 3 (Reuters) - Turkish stocks sustained 2009 high levels ahead of June inflation data on Friday while bond yields firmed towards a 2009 low to resist selling pressure in the global markets ensuing from a big drop in U.S. payroll data. The Turkish Statistics Institute will release inflation data at 1400 GMT on Friday when the stock exchange closes. A Reuters poll showed the consumer price index (CPI) was seen unchanged month-on-month in June, after annual inflation fell to its lowest in 40 years in May. The yield on the benchmark Feb. 2, 2011, bond fell to 11.62 percent since it hit its lowest at 11.54 percent on May 7. It closed at 11.79 percent on Thursday. The lira softened to 1.5335 at 0730 GMT from the previous day's 1.5265 against the dollar on the interbank market. Traders are betting on continued easing... [read full story]                    

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