Support Russia Insider - Go Ad-Free!

Turkey Is Tanking: Currency, Stocks, Bonds Hammered

The markets don't seem to like Russian sanctions

MORE: Business

Originally appeared at Zero Hedge

While one could take their pick of bloodbathery today, Turkey seemed like an appropriate place to focus as its bond yields are exploding higher, currency collapsing, and stocks plunging to the lowest since March 2014. How long before Erdogan decrees all of this impossible and fires another 'dependent' central banker?

The Lira is plunging at its fastest in 6 months...

Stocks are getting hammered...

And Turkish bond yields are spiking across the entire complex...

Given Russian sanctions, it would appear Bilal is going to have to transport a lot more ISIS oil (allegedly) to keep the economic dream alive in Turkey.

Charts: Bloomberg

Support Russia Insider - Go Ad-Free!
MORE: Business

Our commenting rules: You can say pretty much anything except the F word. If you are abusive, obscene, or a paid troll, we will ban you. Full statement from the Editor, Charles Bausman.