Turkish bond yields fall after latest rate cut-traders

ISTANBUL, June 17 - Yields in Turkey's benchmark Feb. 2, 2011, bond <0#TRTSYSUM=IS> fell to 12.61 percent on Wednesday in pre-open trade from a previous close of 12.85 after the Central Bank cut rates by 50 basis points, traders said.

The bank cut the borrowing rate to a fresh historic low of 8.75 percent from 9.25 and cut the lending rate to 11.25 percent from 11.75 percent, bringing total easing since last November to 800 basis points. The bank added it may keep its easing bias for a long period.

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