Czech bonds tracked, though not fully, developments in the Euro-zone. Yields moved up between 1-2 bps across the curve. Generally speaking the market activity was very soft.
The domestic eco calendar remains empty today, hence the focus will be completely on other markets, particularly on the euro-zone bond market. Currently, we expect the German Bunds will trade sideways and this pattern could be seen in the Czech market too.
(CSOB - Investment research)