Czech bonds did not take important domestic statistics as impulse for price action yesterday. Low PPI figures and much better-than-expected industrial production did not influence the market. Instead Czech papers followed euro zone counterparts and pushed down yields slightly. The only interesting statistics released today is the current account figure. Nevertheless it has usually no impact on the bond market. Therefore Czech bonds can be inspired by the development on euro zone markets again. and primarily watch a reaction of core markets to the US CPI figures this afternoon.
ČSOB - Investment research