Polish Bonds Slide With Banks as Duda Win Fuels Election Concern
This article is for subscribers only.
Polish stocks fell the most in four months and bonds retreated on concern opposition candidate Andrzej Duda’s election victory will upset political stability that helped achieve one of the best economic growth rates in Europe.
Government bond yields climbed to the highest in two weeks after Duda defeated incumbent Bronislaw Komorowski in the presidential runoff. Warsaw’s WIG20 stocks index dropped the most since Jan. 15 as PKO Bank Polski SA, the country’s biggest lender, tumbled to a five-week low.