(Bloomberg) -- Turkish stocks and bonds soared after the government said it was ready to hold early elections and may change the constitution, actions aimed at easing tensions with the military.
Yields on lira-denominated government debt maturing in February 2009 fell 36 basis points to 18.89 percent at 10:02 a.m. in Istanbul. The benchmark stock index was 4.1 percent higher. The lira fell 0.1 percent to 1.3567 against the dollar after rising 0.6 percent last night on the decision.
Read more at Bloomberg Emerging Markets News
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