The Turkish lirabonds are stronger in line with gains in global stock markets. USD/TRY trades at 1.5260 from 1.5350 Tuesday. Meanwhile the benchmark April 25, 2012 bond trades at 8.35%, from 8.41% Tuesday. Analysts forecast TRY to trade between 1.52001.5450,the benchmark bond to trade between 8.30%8.50%, in the short term.
(SB-SB-ENG)
Market Talk: Turkısh Lıra, Bonds Stronger
The Turkish lirabonds are stronger in line with gains in global stock markets