5  September   2010,  Sunday
 
 
Turkish

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Money Markets
On Tuesday bond market experienced a sales pressured course. Usual rise at interest rates at pre-auction period at had continued due to the losses at the stock market at the second session after the bond auction was over. Interest rates rose by 10-17 base points. Treasury's 4 years (1610 days) termed once a coupon paid in every six months fixed couponed bond auction reazlied with USD 376 mn. net sales vs. USD 634 mn. purchase proposal from the markets. Auction's average simple and compound interest rates formed at 10,54 % and 10,82 % levels respectively.
New market benchmark, November 16th, 2011 maturity bond's average compound interest rose to 9,17 % level at the same day termed transactions and rose to 9,22 % level at the next day termed trading. Trading volume realized at USD 1,71 bn. level. January 15th, 2030 maturity Turkey Eurobond's sales price realized at USD 161,52 level.
Average overnight interest rate at The ISE Repo Market realized at 6,50 % and trading volume realized at USD 6,7 bn. level. Annual compound funding cost of borrowing from The Central Bank of Turkey is at 6,715 % level.