The yields were few bps higher in the morning, but they tracked US treasuries yields lower in the afternoon. All at all, the bonds closed little stronger yesterday. Slightly higher volatility didn’t spur market activity. Today a meeting of the central bank’s board is the key event. We and the majority of the market do not expect any rate change thus we do not see any market reaction to it. Hence more important might be US figures due in the afternoon.
(CSOB - Investment research)