Market Talk: Turkısh Lıra Weaker, Bonds Stronger

The Turkish lira is weaker as USD gains ground against EUR. USD/TRY trades at 1.5410 from 1.5370 Friday. Meanwhile bonds are stronger in line with gains in some of the major European stock markets. The benchmark January 25, 2012 bond ends trade at 9.32% from 9.35% Fridayit moves to 9.25% in Tuesday value-dated transactions. Analysts forecast TRY to trade between 1.53501.5500the benchmark bond to trade between 9.2%9.4%, in the short term.