- Turkey's eurobonds rallied and credit default swaps fell after Bloomberg reported that the opposition is looking to tap two popular mayors as vice presidents.
- The dollar bond due May 2047 jumped almost 2 cents on the dollar to its highest in more than a month, with yields falling below 9%, according to data compiled by Bloomberg.
- Under the arrangement, Yavas and Imamoglu won't have to resign from their mayoral duties before the elections, the people said.
- The benchmark Borsa Istanbul 100 stock index climbed as much as 4.1% to extend its gains to 20% from the post-quake dip.
Turkish Bonds Rally as Opposition Nears Deal on Candidate
Turkey’s eurobonds rallied as opposition nears deal on candidate, tapping two popular mayors for vice presidents in the May election.