CEE bond yields fall on weak US payrolls
Czech industrial output growth surprises on upside
On Friday, the Polish zloty together with the Czech koruna extended its gains. Thursday’s ECB decision to cut rates supported Central European assets and worse than expected Friday’s US payrolls added to positive sentiment in the region as well. CEE government bond yields fell as low US data had curbed expectations for early monetary tightening. The Polish 10-year bond yield hit the record low when it fell to 2.9 %. In contrast, the Hungarian forint wiped out its previous gains on Friday and returned back to 314 EUR/HUF, in spite of surprisingly good results of July’s industrial growth.
Read the full report: FX Daily