On Tuesday Czech bonds went slightly down in a lackluster trading session

On Tuesday Czech bonds went slightly down in a lackluster trading session. They could not find any inspiration in domestic economic developments or statistics. The Czech market also ignored political events and its movement was driven by neighboring core markets.

No important events are expected today. The market still ignores the complications with forming a new government. The Polish MPC meeting should not change rates and also won’t affect Central European markets. Ahead of tomorrow’s CNB and ECB meetings we expect a quiet trading with bonds following core markets again.

(CSOB - Investment research)