As Erdogan tightens his grip on finance and the central bank, Investors Fear Turkish Currency Crisis. The Turkish lira fell around 4% against the dollar late Monday after Mr. Erdogan appointed his son-in-law as finance minister and put in place measures that could curb the independence of the country’s central bank. Investors also sold Turkish shares and debt, with yields on its dollar bond maturing in October 2028 rising from around 6.8% last week to about 7.15% recently, according to Tradeweb. Yields rise as prices fall. “There’s a real risk that this spirals into a full-blown currency crisis,” said Paul McNamara, ... (full story)