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10Y Yield Testing 4% Key Resistance

POLAND
  • Poland 10Y yield has been oscillating around the 4% level after retracing sharply higher last month amid growing concerns over inflation risks, which has been levitating the term premium on the 10Y.
  • In addition, investors have also been repricing the terminal rate following Glapinski's comments last week, who gave a ‘clearer communication’ about the policy outlook.
  • Next resistance to watch on the topside stands at 4.1530%.
  • On the downside, first support stands at 3.92%, followed by 3.73%.


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