Market Talk: Turkısh Lıra, Bonds Weaker

The Turkish lirabonds are weaker in line with losses in European bourses. USD/TRY trades at 1.4780 from 1.4760 Monday, while the benchmark January 25, 2012 bond trades at 9.27% from 9.19% Monday. Analysts forecast TRY to trade between 1.47001.4830the benchmark bond to trade between 9.25%9.3%, in the short term.