Market Talk: Turkısh Lıra, Bonds Stronger

The Turkish lirabonds are stronger in line with gains in European stock marketsbetter-than-expected domestic industrial production figures. USD/TRY trades at 1.5230 from 1.5400 Friday. Meanwhile the benchmark January 25, 2012 bond ends trade at 9.51% from 9.93% Fridayit moves to 9.44% in Tuesday value-dated transactions. Analysts forecast TRY to trade between 1.51501.5525the benchmark bond to trade between 9.4%9.5%, in the short term.