Free Trial

Zloty Extends Gains, Polish Gov't Bond Yields Ease Off

PLN

The Zloty gains in tandem with CEE peers HUF and CZK, with EUR/PLN printing new session/two-week lows. The V4 trio are the only EMEA currencies to outperform the euro. When this is being typed, EUR/PLN trades at PLN4.6743, down 182 pips on the day.

  • Polish gov't bond yields have eased off and last sit 7.6bp-10..2bp across the curve. Benchmark 10-year yield continues to trim last Friday's advance.
  • WIG 20 still trades on the defensive, last ~1% lower on the day. Czechia's PX index and Hungary's BUX index are also softer.
  • The government submitted its natural gas price cap bill to parliament and said that the legislation will be discusses in the next session of the lower house.

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.