Global bond sell-offs have pushed Czech market yields sharply higher, with the 10-year Czech government bond yield nearing 5% — its highest level since 2023 — and the CZK swap rate around 4.7% as of 20 May 2026. This rapid rise in market rates carries direct implications for mortgage refixations. Mortgage rates that are tied to market funding and swap levels tend to move with those benchmarks, so borrowers reaching the end of a fixed period can expect refixation offers to be priced closer to the current higher yields. Lenders’ costs of funding and the prevailing swap curve are key drivers of the fixed rates offered at renewal. The move follows broader global weakness in bond markets and underscores that borrowers and advisers should monitor market yields when approaching refinance or refixation dates. #mortgages #bonds #CzechRepublic #rates #FiatNews