CEE Bonds
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The bond market has cheered Poland's change in leadership
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New bond supply from CEE banks has been limited since January
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The sovereign priced its new bond at the tightest spread for seven years
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Investors expect issuance to keep flowing as the Fed cuts rates and inflows return
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Investor sees launch level inside fair value as Turkish bank sneaks yield into single digits
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Secondary prices for Turkey euro bonds are stale, given illiquidity and a three year gap since its last issue
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Infrequent issuer's less liquid curve makes judging fair value tricky
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Slovenia was also in the euro market, tapping 10-year bonds
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Demand was 'incredible' for Poland's $8bn record trade
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Poland tightens guidance on $8bn triple trancher
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Investor confidence in the country has wobbled slightly in the past few weeks
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Demand good, deal tightens beyond expectations in 'big moment' for Turkey