The Turkish Bulletin - 21/09/04 - BNP Paribas Turkey
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September 21, 2004 -

The Turkish Bulletin – 21/09/04

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The AKP government has withdrawn the much-debated Penal Code from the Parliament in a surprising move which prompted panic selling in the financial markets and caused a major uncertainty ahead of the EU progress report.
Yesterday, domestic benchmarch Feb’22 2006 traded between 25.9-28% throught out of the day and closed at 27.07%.
Most of the positive effect on bond yields arising from the 2% CBRT rate cut was wiped out as a result of the market tension.

The Turkish Bulletin – September 21, 2004 – (Acrobat Document : 201,6 Ko)

Rodolphe Vergeaud
Tel : (+90) 212 293 00 32
Email : rodolphe.vergeaud@bnpparibas.com