Market Talk: Turkısh Lıra, Bonds Weaker

The Turkish lirabonds are weaker in line with losses in the Istanbul Stock Exchangeglobal bourses. USD/TRY trades at 1.4910 from 1.4840 Friday, while the new benchmark January 25, 2012 bond ends trade at 8.97% from 9% Wednesdayit moves to 8.96% in Friday value-dated transactions. Analysts forecast TRY to trade between 1.48901.4950the benchmark bond to trade between 9%9.07%, in the short term.