Market Talk: Turkısh Lıra, Bonds Weaker

The Turkish lirabonds are weaker as Turkish Finance Minister Mehmet Simsek said earlier Friday that the government's draft fiscal rule won't be approved by the Turkish parliament until the end of July. USD/TRY trades at 1.5395 from 1.5370 Thursday. Meanwhile the benchmark April 25, 2012 bond ends trade at 8.45%, from 8.38% Thursdayit moves to 8.42% in Monday value-dated transactions. Analysts forecast TRY to trade between 1.52901.5560,the benchmark bond to trade
between 8.35%8.50%, in the short term.
(SB-SB-ENG)