The opportunities in the Polish bond market

European investors are welcoming the new season after an intense summer that saw the bond market on the verge of collapse with the news of a developing crisis in emerging markets (EM), and an intensifying trade war between the US and some of its largest trade partners.

Fixed income is now at something of a standstill as investors wait to see if things will worsen further before leaving their riskier assets. Investor comfort comes from a financial sphere determined to insist everything is stable, even within the same EM space that so recently appeared to be coming apart at the seams. Poland is an interesting example. The country was recently upgraded to developed market status, the first such new addition to these ranks in nearly a decade.   The obvious question here is whether Poland's developed status exists upon a strong enough political and ec...