Market Talk: Turkısh Lıra Stronger, Bonds Flat
The Turkish lira is strongerbonds are weaker as investors expect the central bank to re-start rate hikes at some point following higher than expected 4Q GDP growth data
The Turkish lira is strongerbonds are weaker as investors expect the central bank to re-start rate hikes at some point following higher than expected 4Q GDP growth data. USD/TRY trades at 1.5180 from 1.5230 Wednesday. Meanwhile the benchmark November 16, 2011 bond trades at 8.84% from 8.79% Wednesday. Analysts forecast TRY to trade between 1.51401.5230the benchmark bond to trade between 8.80%8.90%, in the short term.