Market Talk: Turkısh Lıra, Bonds Weaker

The Turkish lirabonds are weaker on worries over GreeceIMF calling the US to take measures against budget deficit. USD/TRY trades at 1.5040 from 1.4930 Monday. Meanwhile the benchmark January 25, 2012 bond ends trade at 9.45% from 9.27% Mondayit moves to 9.56% in Wednesday value-dated transactions. Analysts forecast TRY to trade between 1.49501.5080the benchmark bond to trade between 9.5%9.65%, in the short term.