Slovak crown edges up ahead of cbank repo tender

...liquidity-draining tender, helped by positive mood 
in neighbouring markets, dealers said. 
    The crown was quoted at 33.275 per euro  as of 0720 
GMT, compared with 33.320 late on Monday. 
    "Investors seem to be cautious ahead of the repo tender," 
said UniCredit dealer Marian Sulko. "But the region is 
relatively strong so there will be pressure on the crown to 
firm." 
    Analysts expect the NBS to keep the money market awash with 
excess liquidity on Tuesday to stem firming pressure on the 
crown, which has gained over one percent to the euro since the 
bank cut its key repo rate by 25 basis points a week ago. 
    The NBS rejected some bids in the auction last week to deter 
inflows of speculative capital. The bank also intervened 
massively in the market in March to knock the crown off its 
all-time high of 32.710 per euro. 
------------------ MARKET SNAPSHOT AT 0720 GMT ----------------- 
Crown/euro  33.275 vs 33.320 on Monday (+0.14 pct) 
Crown/dollar   at 24.877 vs 24.860 (-0.07) 
5-yr govt bond  yield 4.095/3.836 pct vs 4.100/3.900 
7-yr govt bond  yield 4.199/4.124 pct vs 4.250/4.100 
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