Free Trial

Zloty Appreciates, POLGB Yields Fall As Work On Court Law Resumes

PLN

EUR/PLN has been volatile this morning but last trades at PLN4.6838, down 82 pips on the day. Bears look for further sales past Jan 4 low of PLN4.6573, which would bring Dec 26/Jun 21 lows of PLN4.6270/62 into view. Bulls eye resistance from Dec 6 high of PLN4.7220.

  • POLGBs have found poise after yesterday's decline. Yields on local-currency bonds sit 8.8-11.7bp lower across the curve, with benchmark 10-year yield back below the 6% mark.
  • The focus turns to another chapter of the court law saga, with Poland's ruling party trying to rally support behind legislation to unlock EU funds earmarked for the country. The lower house is resuming work on the court bill today.

To read the full story

Close

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.