Bulgaria, Poland, Ukraine: East Europe Bond, Currency Preview

By Zijing Wu

Sept. 14 (Bloomberg) -- The following events and economic reports may influence trading in eastern European bonds and currencies today. Bond yields and exchange rates are from the previous day’s session.

Bulgaria: Inflation slowed to 1.2 percent in August from 1.6 percent in July, according to a survey of five economists by Bloomberg. The government releases the data at 11 a.m. in Sofia.

The lev, which is pegged to the European common policy, was little changed at 1.9563 per euro.

The yield on Bulgaria’s 4.95 percent bond due January 2019 rose less than one basis point to 7.62 percent.

Czech Republic: Retail sales dropped for a seventh month in July, declining an annual 7 percent, according to the median estimate of 9 economists surveyed by Bloomberg. The statistics office publishes the figures at 9 a.m. in Prague.

The koruna rose 0.2 percent to 25.442 per euro.

The yield on the 4.6 percent government bond due August 2018 fell five basis points to 4.72 percent.

Latvia: The central bank releases M0 money supply for August, the narrow measure of money in circulation. The figure was 1.6 billion lats ($3.3 billion) in July.

The lats, which is pegged to the euro, climbed 0.1 percent to 0.7020 per euro.

Poland: M3 money supply increased a monthly 0.4 percent in August, according to the median estimate of four economists polled by Bloomberg. The central bank publishes the data at 2 p.m. in Warsaw.

The government sells up to 1 billion zloty ($352 million) of 52-week treasury bills.

The Polish zloty dropped 0.2 percent to 4.1516 per euro.

The yield on the 5.75 percent government bond due April 2014 rose one basis point to 5.81 percent, according to PKO Bank Polski SA in Warsaw.

Ukraine: Industrial production declined 20.9 percent in August, according to the median estimate of 11 economists surveyed by Bloomberg. The government is due to announce the figures within three days.

The hryvnia lost 1.7 percent to 8.5236 per dollar.

The yield on the 6.75 percent government bond due November 2017 slumped 47 basis points to 11.13 percent.

To contact the reporter on this story: Zijing Wu in London zwu17@bloomberg.net.