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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.
HUNGARY
- We have seen that the long end of the curve has been under pressure recently amid rising inflationary pressures.
- Hungary 10Y yield continues to retrace higher today, breaking above the 4.50% (BBG) resistance and is currently trading at its highest level since October 2014.
- Next important to watch on the topside stands at 4.72%, followed by 4.94%.
- The sharp rise in LT interest rates could eventually lead to a significant impact on financial institutions, which hold over a third of the government's debt and therefore are very 'long duration'.
- We have seen lately that the dramatic upside consolidation in LT interest rates has been associated with a currency depreciation (HUF) and some weakness in equities.
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.
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