The yields of long term Czech bonds to
some extent followed the European bonds
and moved slightly lower on Friday. On the
other hand, medium term bonds
underperformed and yields even went a few
basis points higher as the market more and
more takes into account the possibility of a
rate hike at the end of July. Today, the bond
market will look for the impulses from the
European market as the domestic calendar
remains empty. No big yield change is
expected.
(CSOB - Investment research)