As economic unrest deepens in the eurozone, Poland’s treasury bonds continue attracting foreign investors. More than PLN 196bn has already been invested into the Polish government bond market so far. According to the country’s finance ministry, foreign investors have doubled their exposure on the government debt market over the past seven years, with the most activity coming from eurozone investors, who have already deployed more than PLN 53bn, followed by North American and Asian investors (PLN 45bn and PLN 39bn respectively).
Market watchers expect the quantitative easing program will continue driving demand for Poland’s treasuries in the medium-term. Despite political unrest in Ukraine and Greece, “we observed the highest direct investment inflows into Poland’s government bond market in January,” says Piotr Marczak, head of the finance ministry’s public debt department.
