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2Y Yield Is Surging As Market Starts to Price In More Rate Hikes

POLAND
  • Poland 2Y yield has been surging in recent days as market has been pricing in more rate hikes by CEE central banks (including NBP) to tame inflation.
  • In addition to spiking energy prices (Brent testing 105 level), PLN weakness keeps supporting inflation expectations.
  • 2Y yield tested its 3.75% resistance earlier; next key level to watch on the topside stands at 4%.
  • On the downside, ST support stands at 3.5%.

Source: Bloomberg

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