Yields on Hungarian government bonds drop slightly amid thin trade but with HUF strengthening against EUR. EUR/HUF is 281.45, from 282.04 in the early morning. Yields drop 3-4bps across the curve; the 3-year benchmark bond yield is at 6.65%, the 5-year at 6.78%, the 10-year at 7.26%. Market participants are eyeing next Tuesday's rate-setting meeting at which there's so far a 50-50 split among analysts who expect a 25bp rate cut and those who forecast a hold call at the current 6.75%.

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