Free Trial

10Y Yield Rejects 6% Resistance

HUNGARY
  • Hungary 10Y yield edges lower after rejecting its 6% resistance yesterday.
  • CEE LT bond yields have been retracing sharply higher in March amid rising inflation risks following the dramatic depreciation in domestic currencies.
  • Next resistance to watch above 6% stands at 6.30% (Feb 2014 high).
  • On the downside, first support to watch stands at 5.5%, followed by 5.25%.

Source: Bloomberg/MNI

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.