Market Talk: Turkısh Lıra, Bonds Stronger After Us Data

The Turkish lirabonds are stronger following better-than-expected US non-farm payroll data. USD/TRY trades at 1.5410 from 1.5460 Thursday. Meanwhile the benchmark November 16, 2011 bond ends trade at 9.15% unchanged from Thursday, but it moves to 9.12% in Monday value-dated transactions. Analysts forecast TRY to trade between 1.53801.5470the benchmark bond to trade between 9.1%9.15%, in the short term.
(ERÖ-ERÖ-E-ENG)