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Reaction to the Massive Sale of Government Bonds. Cold Sweat on Minister Domański's Brow.
Summary by Business Insider (Poland)
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1 Articles
It was a real meltdown. As a result of the sell-off of government bonds, first in Japan and then elsewhere, their yields, and consequently the interest rates governments have to pay to buyers, rose sharply on Tuesday. Fear gripped the heavily indebted countries, including the Polish Ministry of Finance, which faces enormous borrowing needs due to record budget deficits. On Wednesday, a faint sigh of relief was likely heard in several ministerial…
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