Turkey has managed to quell the biggest anti-government protests in a decade, but, a week after relative calm returned to the streets, shocks from the demonstrations continue to reverberate across capital markets with rising borrowing costs and an official probe into the sell-off in recent weeks.

On Tuesday, the Treasury issued a benchmark bond due in two years at a yield of 8.12%, costing Turkey significantly more than the 5.01% interest it paid for a similar debt sale in May 14. Longer-term rates also rose as Turkey raised 2.7 billion liras ($1.4 billion) due in 10 years at 8.78%, up from 6.27% last month.