Market Talk: Turkısh Lıra, Bonds Weaker

The Turkish lirabonds are weaker in line with losses in global stock markets. USD/TRY trades at 1.5440 from 1.5370 Friday, while the benchmark January 25, 2012 bond trades at 9.38% from 9.35% Friday. Analysts forecast TRY to trade between 1.53501.5500the benchmark bond to trade between 9.35%9.4%, in the short term.