. Yields were around one basis point lower across the curve and Czech bonds in this respect slightly outperformed German bonds. The positive sentiment on the Polish and the Hungarian bond markets probably is the best explanation for this ‘outperformance’. Bond traders will watch out for the Czech Central bank interest rate decision. The decision as such should be a non-event. We don’t expected a major change in the MPC’s view, but the press conference always can deliver some interesting remarks.
(CSOB - Investment research)