The Czech bonds went through a moderate negative correction yesterday as strong GDP figures helped on selling. The trading was quite vital during morning, but in the afternoon the quiet mood came back to the market as there were no further reasons to buy or sell. Nevertheless at the end of the session the yield curve was just about 1 bps higher.
There are no important domestic figures scheduled for today. The expectation of strong US payrolls and overhang of yesterday’s GDP should be rather bond-negative factors.
ČSOB - Investment research