Market Talk: Turkısh Lıra, Bonds Stronger

The Turkish lirabonds are stronger as appetite for risk rises in global markets following better-than-expected Goldman Sachs results. USD/TRY trades at 1.4830 from 1.4890 Tuesday. Meanwhile the new benchmark January 25, 2012 bond trades at 8.94% from 8.95% Tuesday. Analysts forecast TRY to trade between 1.47701.4890the benchmark bond to trade between 8.9%9%, in the short term.