Market Talk: Turkısh Lıra, Bonds Weaker

The Turkish lirabonds are weaker due to tension between TurkeyIsrael following the deadly Israeli raid on a flotilla of aid ships, including Turkish vessels, bound for Gaza. USD/TRY trades at 1.5740 from 1.5660 Friday. Meanwhile the benchmark January 25, 2012 bond trades at 9.05% from 8.97% Friday. Analysts forecast TRY to trade between 1.56251.5870,the benchmark bond to trade between 9.00%9.10%, in the short term.
(SB-SB-ENG)