Despite the news that government-bond sales in Italy and the UK had failed, the sale of the Polish government bonds proved to be a huge success, with a demand three times the size of supply.

"The successful auction improved the moods on the bonds market and lead to a fall in bearing interest and an increase in prices," said bond dealer in PKO BP, Piotr Nurzyński.

The Ministry sold more bonds than it initially planned, as instead of zł.1.5 billion, sales amounted to zł.1.82 billion, with demand reaching zł.5 billion.

The high demand was one of the factors which positively influenced share prices on the Warsaw Stock Exchange (WSE). Meanwhile, on the currency market the złoty gained value against the euro to close at zł.4.44.

Source: Rzeczpospolita