Research (Česká spořitelna)
Currencies  |  March 21, 2013 10:48:03

Poland: two months to improve and then they will cutovat, yields at historic lows


Polish CB banker Bratkowski yesterday reiterated his statement Monday. He said that if the data in the next two months, worse, be room for further rate cut, possibly in May or June. Bratkowski also said he is a pessimist and it is not clear that growth should accelerate in 2H13. But we are waiting for the stabilization of the economy, making room for another cut seen. Cathy yesterday declined 25.75, nothing concrete has happened, (Hampl et al. Conversely speaking, that interventions are not yet needed) according to our info to the order from the other side of the Atlantic.

Polish yields partly under the influence of that part of the market expects further rate cuts (and Bratkowski, as we have seen, is not convinced to the contrary) in yesterday's auction fell to a historic low - 07/2015 bond was sold at 3.17%, 04 / 18 of 3.43%. This indicates a very strong interest in the Polish debt - and / or the desperate investors looking for at least some income. Not surprisingly, the Polish MinFin sold PLN 8.1 billion, more than originally estimated 4-6 billion Given that yields are still relatively high (compared to Germany / Czech Republic) and the rates of Polish CB can still down ( although in our main scenario we do not expect), can not be excluded a further slight decline, but we likely to see a stabilization.
Was this article: 10 | 8 | 6 | 4 | 2 | 0


Last news from the section Currencies:

Pá 16:27  Vývoj na devizovém trhu v týdnu 14.-18.8.2017 Akcenta (AKCENTA CZ)
Pá 15:23  FOMC Minutes - slabost inflace má hlubší kořeny Research (Česká spořitelna)
Pá 15:13  Minutes ECB v mírně holubičím módu Research (Česká spořitelna)
Pá 14:27  Kurzovní lístek ČNB na pátek 18.08.2017 Redakce (Kurzy.cz)

Read also:

August 10, 2016Výnosy španělských a italských dluhopisů atakují historická minima Ekonomický deník (Ekonomický deník)

Polsko: 2 měsíce na zlepšení a pak se bude cutovat, výnosy na historickém minimu

Diskuze a názory

Na dané téma nejsou žádné názory.

Zobrazit sloupec 
Moner | ISIN database | Weather forecast
Česká verze
Kurzy.cz - Akcie cz, kurzy měn, forex, zlato.
Favorite: Prague Stock Exchange Czech crown Czech economy Commodities Gold Trademarks Prague Weather

Copyright © 2000 - 2017

Kurzy.cz, spol. s r.o., AliaWeb, spol. s r.o.,

ISSN 1801-8688