The Czech yield curve has not recorded
any distinct moves on Tuesday. Only the
yields at the short end of the curve went
down a bit due to the good performance of
the Czech koruna.
Today the main issue on the market is the
auction of ten year bond. Since that is
supposed to be the last auction of this
security, we expect rather buoyant demand.
On the contrary we do not expect the
yesterday’s failure of the government to
have significant impact on the Czech bonds
today.
(CSOB - Investment research)