Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Polish Yields Hit 4-Week High as Zloty Bond Auction Falls Short

Polish 10-year bond yields rose to the highest level in almost four weeks and the zloty weakened after the government failed to sell the maximum amount of bonds at an auction today.

The yield on notes maturing in October 2023 increased 10 basis points to 3.92 percent, the highest since Dec. 7, as of 2:52 p.m. in Warsaw. The zloty declined 0.4 percent to 4.0864 per euro, the steepest drop among more than 20 emerging-market currencies tracked by Bloomberg.

The Finance Ministry raised a total of 3.66 billion zloty ($1.17 billion) from the sale of 10-year and 16-year bonds, less than the maximum 5 billion zloty planned. Deputy Finance Minister Wojciech Kowalczyk told reporters in parliament that demand was hurt in part by a “correction” in German bunds and U.S. Treasuries.

“The retreat on the core market probably spurred some profit taking, especially after such a strong rally,” Arkadiusz Urbanski, fixed-income analyst at Bank Pekao SA, said by phone from Warsaw. “We have to wait and see how the next auction will go before jumping to conclusions.”

The government started the year having already obtained 27 percent of its 2013 funding needs. The yield on 10-year notes fell 2.15 percentage points last year, the biggest annual decline in a decade, according to data compiled by Bloomberg.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.