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ST Rates Surging As Market Pricing In ‘Hawkish’ CNB Response

CZECHIA
  • Czech 2Y rates have been surging this morning as market is pricing in a ‘hawkish’ response from CNB following the recent CZK depreciation.
  • Key resistance to watch on the topside stands at 4% (October 2008 highs).
  • On the downside, support to watch stands at 3.50% (LT upward trending support line).

Source: Bloomberg/MNI

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