Market Talk: Turkısh Lıra, Bonds Weaker

The Turkish lirabonds are weaker on worries over GreeceIMF calling the US to take measures against budget deficit

The Turkish lirabonds are weaker on worries over GreeceIMF calling the US to take measures against budget deficit. USD/TRY trades at 1.5040 from 1.4930 Monday. Meanwhile the benchmark January 25, 2012 bond ends trade at 9.45% from 9.27% Mondayit moves to 9.56% in Wednesday value-dated transactions. Analysts forecast TRY to trade between 1.49501.5080the benchmark bond to trade between 9.5%9.65%, in the short term.
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