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HUFGBs Slide W/W, 10Y Approaches 2020 Resistance

HUNGARY
  • Local rates trade mostly weaker around the open, with 3Y yields up +3bp in early trading – resuming yesterday's bearish trend.
  • Yields closed +2.5-4.4bp higher yesterday, with weakness concentrated in 5 & 7Y tenors.
  • W/w the Hungarian curve stands +7-15bp higher, with a marginal bear flattening bias led by the 6m & 10Y tenors.
  • 10Y yields stand a fraction above the 3.20 level with resistance from the 2022 spike higher at 3.35.

MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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