POLAND: Headline CPI Inflation Tops Expectations In January, Revisions Eyed
Feb-14 09:05
Poland's headline inflation printed at +5.3% Y/Y in January, exceeding Bloomberg median estimate of +5.0% and coming in above the forecast range. Prices rose by 1.0% M/M, topping the median estimate of +0.7%.
- The data will be revised in mid-March, once Statistics Poland announces annual tweaks to the CPI basket and adjusts inflation figures from the beginning of the year.
- The zloty and POLGB yields have edged higher in reaction to the release, as inflation exceeded the psychologically significant +5% Y/Y mark.
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GERMAN AUCTION PREVIEW: On offer next week
Jan-15 09:03
DFA has announced it will be looking to sell the following Green Bunds at its auction next Tuesday, January 21:
- E1bln of the 2.10% Apr-29 Green Bobl (ISIN: DE000BU35025)
- E1bln of the 2.30% Feb-33 Green Bund (ISIN: DE000BU3Z005)
EGB OPTIONS: Bund call spread
Jan-15 09:03
RXH5 131.50/132.50cs, bought for 17.5 in 3k.
EGBS: Spreads To Bunds & German ASWs Little Changed
Jan-15 08:53
EGB spreads to Bunds essentially flat early today, with little input from equity indices and no real European headline cues evident.
- Continued questions over the medium-term French fiscal and political outlook, the reassessment of global term premia and the brisk start to ’25 €IG & EGB issuance have dominated during the initial stages of ’25 trade.
- German ASWs (vs. 3-month Euribor) within 0.5bp of yesterday’s closing levels.
