Saturday, June 16, 2007

Polish Bonds Fall for Second Week on Speculation Interest Rates Will Rise

(Bloomberg) -- Polish government bonds fell for a
second week on speculation the central bank may raise interest
rates to curb inflation.

Benchmark five- and 10-year bond yields hit nine-month highs
this week as faster-than-expected consumer price inflation put
pressure on the central bank to raise borrowing costs. Polish
bonds fell after former Federal Reserve Chairman Alan Greenspan
said mid-week that he expects an increase in U.S. yields and
greater premiums on emerging-market debt.


Read more at Bloomberg Emerging Markets News

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