Bloomberg News

Citigroup Says Sell Lira Via Three-Month Forwards

January 23, 2012

Jan. 23 (Bloomberg) -- Citigroup Inc. said it recommended selling the lira versus the dollar via three-month forwards with a spot reference of 1.85 per dollar.

Yields on Turkish two-year bonds may decline to 10 percent, according to an e-mailed report by Citigroup’s London-based strategist Luis Costa today.

To contact the editor responsible for this story: Mark Bentley at

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