Bloomberg News

Czech Republic’s Two-Year Bond Yield Drops; Koruna Strengthens

July 03, 2012

Czech bonds climbed, with yields on two-year government debt dropping two basis points, or 0.02 percentage point, to 0.906 percent, according to generic prices compiled by Bloomberg.

The koruna strengthened 0.1 percent to 25.522 per euro by 4:05 p.m. in Prague.

The European Central Bank is forecast by economists to cut interest rates this week to help curb the debt crisis. Declining employment figures in the U.S. this week may prompt the Federal Reserve to initiate fresh stimulus, BNP Paribas SA said.

The Czech two-year yield has dropped 85 basis points this year while the currency appreciated 0.3 percent. The country is on public holiday Thursday and Friday of this week.

To contact the reporter on this story: Linda Shen in New York at lshen21@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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