Czech bonds experienced a vital day on Wednesday. Due to absence of domestic events they woke up after euro zone inflation. During the rest of the day all maturities scored up yield increases mainly on the short end and the yield curve flatten slightly.
May’s state budget figures and the issuance calendar for the next quarter are released today. We do not expect they should influence the market, which might follow the development on euro zone markets.
(CSOB - Investment research)