Market Talk: Turkısh Lıra, Bonds Weaker

The Turkish lira is weaker as USD gains ground against EUR. USD/TRY trades at 1.5555 from 1.5530 Friday. Bonds are also weaker following the treasury's discount reference bond auction Monday. The benchmark Jan. 25, 2012 bond ends trade at 8.48% from 8.45% Fridayit moves to 8.47% in Tuesday value-dated transactions. Analysts forecast TRY to trade between 1.54501.5680the benchmark bond to trade between 8.30%8.50%, in the short term.
(SB-SB-ENG)