The Turkish lira firmed to 1.50 against the dollar on the interbank market after newspaper reports that the International Monetary Fund agreed to Turkey's conditions for a loan deal. The lira closed at 1.5125 on Wednesday. International Monetary Fund has accepted Turkey's conditions for signing a loan deal and agreement was reached on a two-year loan accord, newspapers quoted Prime Minister Tayyip Erdogan as saying.
The yield on the benchmark August 3, 2011 bond touched 9.35 percent in over-the-counter trade, versus the previous day's 9.44 percent.