Turkey dollar bonds push higher on Erdogan election win

  • World

  • Monday, 25 Jun 2018

A money changer holds Turkish lira banknotes next to U.S. dollar bills at a currency exchange office in central Istanbul April 15, 2015. REUTERS/Murad Sezer

LONDON (Reuters) - Turkey's dollar-denominated bonds maturing 2022 and beyond gained on Monday after Tayyip Erdogan won Turkey's presidential election.

The 2040 issue chalked up the biggest daily gains since 2013, adding 2.898 cents to reach its highest in three weeks at 93.698 cents, according to Thomson Reuters data.

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