Market Talk: Turkısh Lıra, Bonds Weaker

The Turkish lirabonds are weaker due concerns on GreecePortugal. USD/TRY trades at 1.5065 from 1.4870 Tuesday, while the benchmark January 25, 2012 bond trades at 9.33% from 9.28% Tuesday. Analysts forecast TRY to trade between 1.50101.5100the benchmark bond to trade between 9.3%9.35%, in the short term.