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Volatility Eases In The CEE Bond Market

EMERGING MARKETS
  • Term structures in Hungary and Poland shift lower in the past week as volatility on the long end eases.
  • Hungary 10Y yield consolidates back to 2.84% after hitting a local high of 3.22% last week, erasing all the recent upside move; next support to watch stands at 2.78% (50D SMA)
  • Poland 10Y yield is also back to its pre-rally levels at 1.72%, down from a high of 2% last week. Next support to watch stands at 1.63% (50D SMA).
  • Czech Term structure is slightly flatter with LT yields retracing lower in recent days. The 10Y yield is down 7bps to 1.70% in the past week; next support stands at 1.67% (100D SMA).

Source: Bloomberg/MNI

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