Free Trial

10Y Bond Yield Testing Key Resistance At 4%

HUNGARY
  • USDHUF has been trending higher this week, with the pair reaching a local high at 324.14 earlier; next resistance to watch on the topside stands at 325, followed by 330. On the downside, first support now stands at 320.
  • EURHUF ticks lower this morning and is currently trading slightly below the 365 level; next support to watch on the downside stands at 360. On the topside, first resistance stands at 367.30, followed by 370 (key level).
  • Hungary 10Y yield has been retracing higher this week and is currently testing its key resistance at 4%; a break above that level would open the door for a move up to 4.24%. On the downside, first support to watch stands at 3.82%.

Source: Bloomberg

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.