Polish Weekly Review, 20 stycznia 2011
piątek, Styczeń 20th, 2012Last week we had nice volatility on PLN rates and bonds. Main event were data releases and auction in OK0114 bond. MPC members were also quite vocal and spoke in surprisingly hawkish tone. The blueprint of the week was very good performance of bonds and rates especially in 5y and 10y tenors. We saw nice inflows into bonds especially on the 2y bond auction which triggered some 16.5 bio PLN demand. Through the week prices on 5y bonds rose some 50 cents, 10y bonds some 80 cents, we saw very good activity especially from international players.