Polish zloty dips, Hungarian bond auctions eyed

[ad_1]

Article content

BUDAPEST — The Polish zloty slid on

Thursday, but remained near levels it recovered to in the

Article content

previous session, as geopolitical fears eased over a missile

that killed two people in Poland on Tuesday near the NATO

member’s border with Ukraine.

The zloty was 0.4% lower on the day and trading at

4.7095 versus the common currency.

First reports of the blast had pushed the zloty to

three-week lows, but the currency pared losses after Poland and

NATO said the missile was probably not a Russian strike but a

Advertisement 2

Article content

stray fired by Ukraine’s air defenses.

“A clearly positive reaction of the zloty to yesterday’s

reports about the causes of the rocket explosion in Poland gives

hope today for a continuation of the EUR/PLN decline,” ING wrote

in a note.

“The nearest support zone is around 4.67-68. However, a

descent to 4.65 in the horizon of a few days cannot be ruled

out.”

Warsaw’s blue chip index extended its losses from

the previous session and was down 1.81%.

Elsewhere, the Hungarian forint was flat on the

day, trading at 410.40 per euro amid low liquidity.

Long-term Hungarian bond yields were stable ahead of an

auction later in the day where the Government Debt Management

Agency (AKK) is offering three sets of bonds worth a total of 55

Advertisement 3

Article content

billion forints ($140 million).

The yield on the 10-year benchmark bond was about 8.50%, a

fixed-income trader said.

Markets in the Czech Republic were closed for a holiday.

CEE SNAPSH AT

MARKETS OT 1057

CET

CURREN

CIES

Latest Previo Daily Change

us

bid close change in

2022

EURCZK Czech 0 0 % %

EURHUF Hungary 00 00 %

EURPLN Polish

EURRON Romania %

EURHRK Croatia

EURRSD Serbian 00 00 % %

Note: calculated from 1800

daily CET

change

Latest Previo Daily Change

us

close change in

2022

.BUX Budapes 44292. 44277. +0.03 -12.67

t 17 83 % %

.WIG20 Warsaw <.wig20> 1 7 %

.BETI Buchare 11742. 11651. +0.78 -10.10

st 35 83 % %

.SBITO Ljublja <.sbito p na> 9 3 % %

.CRBEX Zagreb <.crbex> 9 5

.BELEX Belgrad <.belex e> %

.SOFIX Sofia <.sofix> %

Yield Yield Spread Daily

(bid) change vs change

Bund in

Czech spread

Republi

c

CZ2YT= ps

CZ5YT= 0 ps

CZ10YT 0 ps

Poland

PL2YT= ps s

PL5YT= ps s

PL10YT ps s

FORWARD

3×6 6×9 9×12 3M

interb

ank

Czech

Hungary

Poland

Note: are for ask

FRA prices

quotes

****************************************

**********************

($1 = 393.4100 forints)

(Additional reporting by Pawel Florkiewicz in Warsaw

Editing by Mark Potter)

Advertisement

Comments

Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Comments may take up to an hour for moderation before appearing on the site. We ask you to keep your comments relevant and respectful. We have enabled email notifications—you will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. Visit our Community Guidelines for more information and details on how to adjust your email settings.

[ad_2]

Source link

Comments are closed.