LONDON Dec 12 Turkish dollar debt prices fell
sharply on Monday after data showed the first economic
contraction since 2009, with the 2034 bond, one of the country's
most traded issues, down 2.5 cents, according to Tradeweb data.
Turkey's economy contracted 1.8 percent in the third quarter
of the year, data showed, pushing the lira down more than 1
percent against the dollar. Data also showed
the current account deficit as wider than expected, highlighting
Turkey's vulnerability to global cost of capital.
A deadly bomb attack in Istanbul on the weekend has also
underscored the country's political fragility.
The 2034 bond fell 2.5 cents while the 2036
issue was down 1.6 cents. Issues maturing 2045
and 2030 tumbled 1.9 cent and
1.0 cent respectively.
(Reporting by Sujata Rao; editing by Karin Strohecker)