There was no fresh incentive for the market, therefore investors wait for the policy meeting of the central bank. As the decision depends on the EUR/CZK exchange rate, they closely watch FX market beside German Bund market.
Today the market may respond to later rise in Bunds and Treasuries prices on Friday. Therefore Czech bonds may open in positive note. There is no significant item on agenda until the CNB’s meeting this Thursday. Therefore traders may track Bunds and also watch the Czech koruna. The session might be pretty quiet, because the holiday in USA.
(CSOB - Investment research)