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  • What interest there was for Czech bonds this week was domestically driven and most international accounts tended to be on the sell side, especially as the entire Czech crown swap curve is trading well below that of the euro and the Czech crown has weakened.
  • Despite recent remarks by MPC member Dariusz Rosati - who said the economy is at a point beyond which rate cuts could only accelerate inflation and not growth - the Polish bond market has held up reasonably well this week
  • This week the Hungarian market decoupled from the weaker trending core markets. Although a push towards Huf250/Eu might even open the way for a cut, the National Bank of Hungary, the central bank, is not in a hurry to cut rates.
  • After outstripping euro volumes last week, dollar trading fell away this week. But with nearly $2.5bn issued from 197 transactions, the currency still proved the most popular with investors. This week's volumes compared to last week's figure of $2.9bn from 222 trades.
  • In what has generally been a buoyant year for the euro, trading in the currency again dropped off this week.
  • Rating: Baa1/BBB
  • Issuance volumes rose this week but not by enough to suggest that the summer lull is over yet. Nearly $8.2bn was traded, up from $7.6bn last week. However, the number of trades issued dropped to 505 from 564.
  • Credit
  • Rating: A1/A
  • Rating: A1/A
  • Compiled by Annie Seelaus,