Market Talk: Turkısh Lıra Flat, Bonds Weaker On Inflatıon
The Turkish lira is flatbonds are weaker on higher than expected March inflation
The Turkish lira is flatbonds are weaker on higher than expected March inflation. USD/TRY trades at 1.5140 unchanged from Friday, while the benchmark November 16, 2011 bond trades at 8.93% from 8.9% Friday. The benchmark issue was trading around 8.88% before the announcement of inflation figures. Analysts forecast TRY to trade between 1.50801.5180the benchmark bond to trade between 8.9%8.96%, in the short term.