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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.
CZECHIA
- In the past 18 months, we have seen that Czech financials stocks have been significantly more sensitive to ST bond yields than the traditional 'yield curve' .
- While the rising uncertainty over a range of risk factors (Delta variant, falling Chinese liquidity…) has been pushing the 2Y10Y yield curve lower, the recent 'hawkish' policymakers' tone keep sending Czech short term bond yields higher.
- A 50bps hike at the September 30 meeting seems very likely following the positive surprise in inflation.
- Czech CPI inflation came in higher than expected in August and rose to 4.1% YoY (vs. 3.6% exp.), up from 3.4% from the previous month.
- MSCI Czech financials index broke its 1,171 resistance this week to trade at a its highest level since April 2019. Next level to watch on the topside stands at 1,200.
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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