Debt market
T-bill yields plunge to an all-time low
Polish 52-week Treasury bills fell to a record low of just 4.594 percentage points at a government auction yesterday reflecting weak economic data and widespread expectations of yet another interest rate cut at an upcoming meeting of the Monetary Policy Council. Despite lower yields, demand for new T-bills outstripped supply as investors tried to buy nearly 1.4 billion zloty worth of instruments. The Finance Ministry offer included T-bills worth just 500 million zloty.
