Market Talk: Turkısh Lıra, Bonds Weaker

The Turkish lirabonds are weaker on concerns about Greeceother European countries, which have financial problems. USD/TRY trades at 1.4900 from 1.4840 Friday. Meanwhile the benchmark January 25, 2012 bond ends trade at 9.27% from 9.16% Fridayit moves to 9.35% in Tuesday value-dated transactions. Analysts forecast TRY to trade between 1.48501.4950the benchmark bond to trade between 9.3%9.4%, in the short term.