Market Talk: Turkısh Lıra Stronger, Bonds Weaker
The Turkish lira is slightly strongerbonds are weaker as investors expect inflation to increase further in the coming months
The Turkish lira is slightly strongerbonds are weaker as investors expect inflation to increase further in the coming months. USD/TRY trades at 1.4920 from 1.4930 Monday, while the benchmark January 25, 2012 bond trades at 9.42% from 9.27% Monday. Analysts forecast TRY to trade between 1.48501.4980the benchmark bond to trade between 9.4%9.47%, in the short term.