Yields On Hungary Govt Bonds Drop As HUF, PLN Gain

Yields on Hungarian government bonds drop as HUF and PLN gain after some EUR strengthening versus USD, a trader says. Bond yields drop around 3-8bps across the curve; the 3-year benchmark bond yields 6.73%-6.63%; the 5-year, 6.96%-6.86%; the 10-year, 7.38%-7.28%. EUR/HUF is at 282.16 against levels around 285 in the morning, while EUR/PLN is at 4.08 against 4.11. Market participants will be watching the German constitutional court's ESM ruling [Wednesday] and the US Federal Reserve's policy announcement [Thursday] for direction in the coming days.

Yields On Hungary Govt Bonds Drop As HUF, PLN Gain

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