The Czech bond market was pretty quiet on Friday, as core markets failed to provide any direction. Investors waited for U.S. figures, which didn’t move the markets. There was no domestic incentive, hence we witnessed flat price action. Today PPI may not affect the market, more important might be development of German Bunds. Investors may wait if bunds continue to fall or if they confirm that recent correction is overdone.
ČSOB - Investment Research