Turkey's lira touched its highest level of 2014 on Friday, reversing morning loses sparked by Prime Minister Tayyip Erdogan's call on the central bank to raise interests rates after US non-farm payrolls data boosted emerging assets. By 1430 the lira stood at 2.1086 to the dollar, just off its highest level so far of 2014 at 2.1065.
The yield on the two-year benchmark bond eased to 10.64 percent from a previous close of 10.65 percent, while the yield on the benchmark 10-year bond rose to 10.39 percent from Thursday's close of 10.36 percent. Shares on the Istanbul stock market gained 1.45 percent to close at 72,582, outperformed the MSCI index of emerging markets which gained 0.53 percent.
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