Eques Investment TFI sees Poland bond selloff as temporary despite deficit-driven yield spike to 6.06%

Eques Investment TFI’s September market note flagged fresh global equity records despite rising bond yields, led by renewed strength in technology.

Poland’s WIG hit a record 152,600 in August, up 3.5%, helped by expectations of higher state-backed dividend payouts.

Polish government bond selloff steepened the curve; 10-year yields rose 25 bps to 6.06% amid fiscal deficit concerns.

Draft 2027 budget assumed a 7.1% of GDP deficit, raising downgrade risk in Eques’ view, with investors demanding higher term premia.

Ormuz disruption lifted commodities; Brent gained 6.99%, gold rose 9.67%, copper set a record at USD 14,324 a ton.