Czech Koruna, Bonds Gain on Bets Moody’s, Fitch Will Match S&P
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The Czech koruna gained for a third day while five-year bond yields fell to a record on speculation Moody’s Investors Service and Fitch Ratings will raise the country’s assessment after Standard & Poor’s upgrade yesterday.
The Czech currency strengthened as much as 0.6 percent and traded up 0.2 percent to 24.276 per euro by 4:45 p.m. in Prague. The five-year yield tumbled a second day, sliding 15 basis points to 2.19 percent, the lowest since Bloomberg began tracking the Czech government bond index in 1997.