The Turkish lira is flatbonds are weaker on higher than expected March inflation. USD/TRY trades at 1.5140 unchanged from Friday, while the benchmark November 16, 2011 bond trades at 8.93% from 8.9% Friday. The benchmark issue was trading around 8.88% before the announcement of inflation figures. Analysts forecast TRY to trade between 1.50801.5180the benchmark bond to trade between 8.9%8.96%, in the short term.
Market Talk: Turkısh Lıra Flat, Bonds Weaker On Inflatıon
The Turkish lira is flatbonds are weaker on higher than expected March inflation