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Lawmakers Will Debate Glapinksi Candidacy For Second Term On Wednesday

POLAND
  • Polish government will seek to sell as much as 4 billion zloty of government bonds at an auction with yields surging to the highest level in at least a decade amid rising interest rates and budget spending (BBG).
  • Lawmakers will debate Glapinski candidacy for the second term as NBP Governor on Wednesday (current terms end in June).
  • Last week, NBP minutes (from March meeting) showed that some NBP members saw risk of a deeper slowdown than previously expected.
  • With the FRA 9Mx12M currently trading at 155bps above Wibor 3M, market is currently pricing in a terminal rate at 6%.

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