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Hungary’s Bond Rally Means Yields Are Now Trading Close to UK

Hungary’s Bond Rally Means Yields Are Now Trading Close to UK
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Hungary’s Bond Rally Means Yields Are Now Trading Close to UK Hungary’s bonds have rallied so much that yields are approaching those in the UK, the latest sign that investors are backing the new government’s plans to fix the economy and join the euro region. The country’s 10-year benchmark bond yield has dropped to 5.16%, within half a percentage point to similar-maturity UK notes. The gap has dramatically narrowed since March, when bondholders were demanding 2.6 percentage points of...

Hungary’s Bond Rally Means Yields Are Now Trading Close to UK Hungary’s bonds have rallied so much that yields are approaching those in the UK, the latest sign that investors are backing the new government’s plans to fix the economy and join the euro region. The country’s 10-year benchmark bond yield has dropped to 5.16%, within half a percentage point to similar-maturity UK notes. The gap has dramatically narrowed since March, when bondholders were demanding 2.6 percentage points of additional yield to hold forint debt over Gilts.
Hungary (LOCATION) Bond Rally Means Yields Are Now Trading Close (ORG) UK (LOCATION) Bond Rally Means (ORG)
Originally published by Bloomberg Markets Read original →