Central European currencies gave up part of their gains as global sentiment has deteriorated slightly. The biggest regional looser was the forint, which probably reacted negatively to new information coming from the EU. Recall that the Commission said that it will reply on Wednesday about the issues of infringement procedures. One out of the three issues is expected to go to the European Court, which puts into question whether Hungary can start the talks about an EU/IMF deal. As concern CE bond markets there could more volatility in the Czech bond market as it prepares for tomorrows auctions. Let us remind that the Czech MinFin wants two sell two bonds (with maturity in 2018 and 2036) in a one day. Some pre-positioning could lead Czech bond yields higher.The forint gave up part of its previous gains as it eased from it’s the two-weeks highs