Patient approach rewards Poland with euros

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Patient approach rewards Poland with euros

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Poland pounced on a brief bond market rally on Monday after more than two months of market-watching to print its lowest coupon on a 10 year euro bond since 2006. After the market reacted positively — if only for a short time — to news of Spain’s bank bail-out, the CEE sovereign stole in to attract an impressive amount of orders for a tightly priced benchmark.

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