Koruna Erases Earlier Losses

EUR/CZK has retraced its earlier upswing and is back to virtually unchanged levels, last sitting at 24.093. Among regional currencies, the koruna outperforms the zloty, but lags behind the forint.

• CZGB yields are lower across the curve, which runs flatter on the day. The local FRA curve has shifted lower amid a decline in global interest rates.
• Prime Minister Petr Fiala said that Justice Minister Pavel Blazek received a "yellow card" due to his meeting with pro-Russian lobbyist Martin Nejedly, which Blazek claims was accidental. Nejedly subsequently told the press that he had another meeting with Blazek a few months ago - which was denied by Blazek. Coalition leaders discussed the matter today but did not decide to call for Blazek's resignation.