FX&Fixed Income

Hungary’s forint performed splendidly in January. In fact, it has never done better, and its outstanding appreciation most likely contributed greatly to the worsened outlook of fund managers’... 

Hungary’s Government Debt Management Agency (ÁKK) has received HUF 136.7 billion worth of bids from primary dealers on a HUF 45 bn lot of 3-month discount Treasury bills at an auction on Tuesday.... 

Although interest for Hungarian debt was not overwhelming at today’s bond auctions, the Government Debt Management Agency (ÁKK) still sold more of each of the three maturities on sale than originally... 

Hungary’s forint has not been as strong as on Thursday morning for three months. Shortly after 8 A.M. the HUF was quoted south of 296 versus the euro on the interbank market. After 09:00 it gained... 

Hungary’s Government Debt Management Agency (ÁKK) has witnessed higher interest for its 12-month discount Treasury bills at a tender on Thursday than two weeks ago and the average yield was also... 

The European Commission announced on Tuesday afternoon that it is launching infringement proceedings against Hungary over three laws. The statement contained a tough message for Hungary, namely that if... 

Hungary’s Government Debt Management Agency (ÁKK) has not received so large bids for its 3-month discount Treasury bills (D120425) for five months than it has on Tuesday. The issuer has placed... 

Buoyed by the outcome of the morning bond auctions, Hungary’s Government Debt Management Agency (ÁKK) has offered a HUF 15.6 billion lot of debt at non-competitive tenders in the afternoon, which... 

Hungary’s Government Debt Management Agency (ÁKK) has on Thursday placed a HUF 33 billion lot of government bonds on auction, and received HUF 110.5 bn worth of bids from primary dealers. As a result... 

Hungary’s Government Debt Management Agency (ÁKK) has received HUF 123.4 billion worth of bids on a HUF 45 billion lot of 3-month discount Treasury bills (D120408) at an auction on Tuesday. The issuer... 

Hungary’s Government Debt Management Agency (ÁKK) has sold HUF 35 billion worth of 12-month discount Treasury bills at an average yield of 9.96%, a 2.5-year high. The issuer had a HUF 45 bn lot on... 

Hungary’s forint remains ruffled up in early Thursday trading. The HUF slumped to a new all-time low versus the euro, going north of 322. Pressure lets up on the bourse - 10:42 As the forint... 

Hungary’s forint has been ailing for days and on Wednesday morning it has depreciated to a new all-time low versus the euro. Meanwhile, Hungarian bond yields are on the rise. The HUF weakened to... 

Hungary’s Government Debt Management Agency (ÁKK) has sold the entire lot of 3-month discount Treasury bills (D120411) it put up for sale at an auction on Tuesday. The issuer received HUF 101.4 bn... 

European and Asian stock markets showed unequivocal signs of optimism on Monday and early on Tuesday, and forex markets also reflect improving risk appetite on the second trading day of the year. But Hungary’s... 

Given that several key currency markets are closed today, trading on the forint market is in a lull. The Hungarian currency is quoted at around 315 versus the euro, which indicates hardly no improvement... 

5:08 p.m.... 

Thursday morning saw the Hungarian forint still weak in the wake of the previous night's IMF warning to the government. The sad results of government bond auctions were released towards midday, delivering... 

(Adds trader comments, charts.) With an increasing number of question marks surrounding the possibility of around another agreement with the IMF, the Hungary Debt Management Agency is finding it increasingly... 

While Hungary succeeded in reducing its forint debt by nearly HUF 400 billion in 2011, the weakening of the currency pushed the debt rate up by 4.5%. Forint firming may help reduce Hungary's debt to HUF...