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Local Bonds Firm In Line With CEE Peers, 10Y Facing Near-Term Support

HUNGARY
  • Local rates trade a fraction firmer this morning, in line with the rest of its CEE peers.
  • Yesterday's session saw the curve end bull flatter on the day, with 5-15Y yields drifting -2.3-3.1bp lower.
  • The 10Y is facing trendline support from the July 20 low and 61.8% Fibonacci level at 2.7736.
  • A move below here opens up 2.75 & 2.70 below.


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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