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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
POLAND
- Poland 10Y yield ticks lower today after finding a local high of 1.92% yesterday.
- Volatility in the bond market increased significantly in the first half of the month amid rising inflationary pressures with the 10Y hitting a high of 2% on May 17 before starting to consolidate.
- But implied on the long end of the curve increased again this week after the NBP rejection of bids at QE auction on Wednesday. The NBP bought 2bn PLN at its QE auction, which was less than half of the maximum amount it offered to purchase (5bn PLN) despite receiving 6.8bn PLN in demand according to Bloomberg.
- Support to watch on the downside stands at 1.80%, followed by 1.65% (50D SMA). On the topside, key resistance remains at 2%.
Source: Bloomberg/MNI
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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