March 19, 2018 / 8:37 AM / 8 months ago

Turkish 5-yr CDS at fresh 1-month high - IHS Markit

LONDON, March 19 (Reuters) - The cost of insuring exposure to Turkish sovereign debt hit a fresh one-month high on Monday as concerns about the economy persisted given the widening current account deficit and the prospects for U.S. interest rate rises.

Turkish five-year credit default swaps rose 1 basis point from Friday’s close to 178 basis points, according to data from IHS Markit, the highest since February 14.

Reporting by Claire Milhench

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