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Rates Remain under Pressure as Yields Approach 2018 Highs

HUNGARY
  • Local rates trade +1-2bp softer this morning, following on from yesterday's broadly weaker session in the lead-up to the FOMC minutes.
  • The local curve bear steepened on the day with 10-15Y yields rising +4.1-5.3bp on the day. The 10Y stands a fraction below 3.65, rising sharply towards 2018's swing highs in the 3.74-3.90 range.
  • W/w the curve is positioned 18-21bp higher in the 10-30y section of the curve with the 20Y most offered.
  • Hungary Curve Change wow

    Hungary 10Y


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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