Slovak crown flat in holiday mood, mkt eyes repo

07.05.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

The Slovak crown was steady against the euro on Monday and dealers expected a light mood ahead of a holiday on Tuesday with the market focusing...

...on a 
central bank repo tender. 
    The crown was at 33.540 per euro  as of 0740 GMT, 
little changed from 33.550 late on Friday. 
    "Due to the public holiday tomorrow, we expect lower 
activity... likely resulting in a range-bound trading," 
Slovenska Sporitelna wrote in a market note. 
    The central bank will hold a regular two-week repo auction 
on Monday, and dealers said the result will show whether it is 
satisfied with crown moves. 
    "It will be interesting to see whether the central bank will 
accept full liquidity, as it did last week, or whether it was 
only a one-off event due to low demand from banks," Slovenska 
Sporitelna said. 
    The central bank had repeatedly rejected all, or part of, 
the bids in the liquidity-draining repo auctions this year to 
keep short-term interest rates down and halt the crown's rise. 
------------------ MARKET SNAPSHOT AT 0740 GMT ----------------- 
Crown/euro  33.540 vs 33.550 on Friday (+0.03 pct) 
Crown/dollar   at 24.660 vs 24.677 (+0.07) 
5-yr govt bond  yield 4.198/4.048 vs 4.149/3.929  
7-yr govt bond  yield 4.300/4.150 vs 4.299/4.078  
--------------------------------------------------------------- 
 

[BRATISLAVA/Reuters/Finance.cz]

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