(Dalimil Vyškovský) The mood on the bond market was rather optimistic Friday morning. After a reappraisal of the trade balance data released Thursday, with a surprisingly large deficit due to the inclusion of the purchase of three airplanes by Czech airline companies, the first investor soon appeared on the market. MoF14.85, MoF10.90 and KoB strengthened the most, by 40bps, but other issues were not far behind. Yields of government benchmarks are in the level of 7.15%, which is approximately 40 bps under the swap curve; yields of corporate bond issues are close to their historical maximums too.
The forecast for the next week is not very optimistic; the market will probably remain quiet on small traded volumes — there should not be any surprises forthcoming from the Central bank, and the next indicator to be released are April inflation figures on May 10.