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2Y Yield Surges To 4% Resistance

POLAND
  • Polish ST rates have been surging in the past week as market is pricing in further hikes from NBP to anchor inflations expectations (supported by recent PLN depreciation).
  • 2Y yield surged to the key 4% level today, its highest level since October 2012.
  • Next key resistance to watch on the topside stands at 4.5%.
  • On the downside, support to watch stands at 3.80% (LT upwards trending support line).

Source: Bloomberg/MNI

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