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Wiadomości: 150 |  Wysłane: 3 marca 2010, 13:53 Poland's Zloty at Highest Level in 14 Months
Poland's Zloty at Highest Level in 14 Months
March 3, 2010
Poland's zloty has strengthened to levels unseen in 14 months and is likely to appreciate further in the long-term in absence of bad news from euro zone, while T-bonds traded calmly ahead of today’s switching auction, locals told PAP news agency.
While FI market players are waiting for soothing news from Greece, Poland is seen as a safe haven, which drives prices upwards, BNP Paribas Fortis trader Błażej Wajszczuk said.
Today Poland is offering 5Y, 10Y and 20Y fixed-rate papers PS0415, DS1019 and WS0429 in exchange for 2Y, 5Y and 10Y papers maturing in 2010.
(PAP Market Insider)
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