The Czech bonds aimed north on Monday
copying euro zone market developments. No
fresh Czech statistics were available and the
Czech political scene has not influenced the
market as well, even as the convergence
program for euro adoption might be in
jeopardy due to higher deficit proposal.
No important statistical numbers are
released this week.
However, a delay and
complications at forming of a new minority
cabinet might influence the market.
Nevertheless, we do not expect any
negative surprise today and the market
should follow the development on core
markets.
(CSOB - Investment research)