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USDCAD TECHS

Needle Still Points South

US TSYS

Yields Bounce as Equities Make New Monthly Highs

AUDUSD TECHS

Heading North

EURJPY TECHS

Bull Rally Accelerates

COLOMBIA

Economists Survey Raises 2021 CPI Forecast To 4.9%

HUNGARY
  • Hungary 10Y bond yield is down 20bps in the past week after reaching a local high of 3.22% last Tuesday, gradually approaching the 3% level.
  • The recent comments from NBH deputy governor (that Hungary should prepare for rate hikes) have generated a strong rally in HUF and increased the probability of an earlier hike this summer.
  • Support to watch on the downside on the 10Y stands at 2.84%, followed by 2.77% (50D SMA).
  • Next NBH policy decision is tomorrow (May 25 at 1300 London time); we expect the central bank to keep its interest rate steady at 0.6% with strong focus on inflation prints in the coming months.

Source: Bloomberg/MNI

MNI London Bureau | +44 203-865-3850 | yvan.berthoux@marketnews.com
MNI London Bureau | +44 203-865-3850 | yvan.berthoux@marketnews.com