Poles break records of interest in bonds

We have never bought as many retail government bonds as in 2020. The purchases were so abundant that last year's 2019 sales record was beaten by almost two-thirds. Grounds? The weakness of bank deposits, inflation, and risk aversion.

Almost PLN 2.5 billion – this is how much retail treasury bonds purchased by Poles in December 2020 alone were worth. This is already an impressive result, because, for example, in the years 2010-2014, such were the results of retail sales of securities not for one month, but for the entire year.

However, not only in December we were willing to buy Treasury bonds. Throughout last year, securities worth as much as PLN 28.4 billion found buyers. This is a historic record – over 64 percent more than in the record-breaking year 2019.

"This is primarily the result of our search for a safe investment method that allows us to earn more than on almost interest-free deposits. It is also crucial to preserve the purchasing power of savings, i.e. to protect capital against inflation. In this triad of weak investments, inflation and not only bonds but also real estate and gold are gaining in popularity in recent months," Bartosz Turek, chief analyst at HRE Investments, said.

In his opinion, it should also be similar in 2021.

(WBJ)