Market Talk: Turkısh Lıra Flat, Bonds Weaker

The Turkish lira is almost flatbonds are weaker following news late Thursday that the vote on the government's draft fiscal rule by parliament may be delayed until October. USD/TRY trades at 1.5350 from 1.5370 Thursday. Meanwhile the benchmark April 25, 2012 bond trades at 8.47%, from 8.38% Thursday. Analysts forecast TRY to trade between 1.53101.5560,the benchmark bond to trade between 8.35%8.50%, in the short term.
(SB-SB-ENG)