Turkish benchmark bond yield rises to 9 percent

ISTANBUL, Nov 5 - The yield on Turkey's benchmark bond traded as high as 9.0 percent on Thursday, continuing an upward trend driven in part by prospects of the central bank's rate-cutting cycle drawing to an end.

The yield on the benchmark Aug. 3, 2011 bond <0#TRTSYSUM=IS> was at its highest since Sept. 23, up from a level of 8.86 percent on Wednesday. Concerns about the government's borrowing plans have also helped push yields up from around 7.5 percent a month ago.