Hungary 5-yr, 10-yr bond auctions
Published August 30th, 2007
Hungarian markets will be looking at the 2012/C and 2017/B auctions with usual amounts on offer today. Since the last auction of these issues (2 August), the 5-year yields went up by around 30 basis points while the 10-year increased by around 15 bps. UniCredit said on Thursday decent demand should be expected at the events.
The forint has eased by around 3% since the previous auction of the HGBs. Since then, the Monetary Council of the central bank (NBH) has kept interest rates unchanged but signalled that the easing cycle will continue if the global backdrop stabilized.
“On the basis of these developments, one can consider yields levels and higher EUR/HUF attractive entry point,” Gyula Tóth of UniCredit noted.
