Investors buy $2.9 billion T-bills in February

In February foreign investors acquired T-bills to the value of almost $2.9 billion, which was slightly below the total for the whole 2002. This is due to positive recommendations of the biggest international investment banks, which see Polish notes as the most profitable in the whole region. "In creased activity of foreign investors was clearly seen in February. In my opinion they bought two thirds of the bonds issued on the domestic market," said Deutsche Bank bond dealer Jarosław Dyrała. An anonymous state official said that investors expect interest rates to fall even further. According to Skarbiec fund manager Beata Kielan, Polish papers have recently been listed by Salomon Smith Barney on its global bonds index, which means that Poland is no longer treated as an emerging market. (Parkiet, p. 7) M.M.