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10Y Yield Nearing 5% Resistance

CZECHIA
  • The constant ‘positive’ surprise in inflation continues to drive LT bond yields higher, with Czech 10Y yield approaching the 5% resistance.
  • As a reminder, Czech inflation came in higher than expected at 14.2% YoY (vs. 13.3% exp), up from 12.7% the previous month.
  • Next level to watch above that stands at 5.32% (June 2009 high).
  • On the downside, support to watch stands at 4.50%.

Source: Bloomberg/MNI

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