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Polish T-Bonds Lower Ahead Of June Net CPI

Forex News Polish Treasury bonds are down ahead of June net inflation, traders say. A forecasted higher reading, 3.3% versus 3.2% in May, is likely to trigger more selling, and much depends on core markets as well, a local trader says. Average yield on 2-year paper is at 6.67% versus 6.65% late Friday, on 5-year at 6.52% vs 6.46%, on 10-year at 6.42% vs 6.35%. Zloty is a touch lower, but remains in the upward trend, is seen to test 3.20 against the euro. EUR/PLN now trades at 3.2178 from 3.2139 earlier Monday, USD/PLN at 2.0307 from 2.0228.




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