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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
- 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
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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