Market Talk: Turkısh Lıra, Bonds Weaker

The Turkish lirabonds are weaker due to recent uncertainties over economic problems in Hungarydisappointing US jobs numbers data. USD/TRY trades at 1.5950 from 1.5800 Thursday as USD gains ground against EUR. Meanwhile the benchmark January 25, 2012 bond ends trade at 8.75% from 8.70% Thursday but it moves to 8.83% in Monday value-dated transactions. Analysts forecast TRY to trade between 1.57501.6075the benchmark bond to trade between 8.79%8.90%, in the short
term. (IHA)
(SB-SB-ENG)