Market Talk: Turkısh Lıra, Bonds Slıghtly Stronger

The Turkish lirabonds are slightly stronger following heavy looses Thursday, due some gains in major European bourses. USD/TRY trades at 1.5820 from 1.5930 Thursday. Meanwhile the benchmark January 25, 2012 bond trades at 9.24% from 9.28% tested Thursday in Friday value-dated transactions. Analysts forecast TRY to trade between 1.57701.5990the benchmark bond to trade between 9.2%9.3%, in the short term.