Annabelle

CEE risk premium falling continuously since 4Q22 CEE corporate bonds are in demand again As the spread development for CEE EUR corporate bonds shows (on average), sentiment towards EUR corporate bonds from CEE has improved significantly over the last one and a half years. However, risks remain. This

Markets In a session deprived of key data, yields and the USD yesterday faced a correction on recent rise. Markets concluded that, without new data evidence on strong US demand or sticky inflation, enough Fed rate cut delay is discounted. A decline in oil prices (high US stockpiles) also supported c

On the radar Romania: S&P affirmed Romania’s outlook at BBB- with stable outlook. Slovenia: Fitch affirmed Slovenia’s rating at A with stable outlook. Moody’s did not review ratings of Czechia and Slovenia. In Slovakia inflation rate arrived at 2.3% y/y in March. At 10 AM CET, in Poland final in

European Central Bank (ECB) policymaker Madis Muller said on Friday that “slower inflation rises the chances of a June rate cut.” Muller added that “there are more signs the economy is strengthening.” Market reaction At the time of writing, EUR/USD is testing lows near 1.0675, down 0.42% on the day.