FX&Fixed Income

Global investor sentiment has failed to improve by Thursday morning after deteriorating on Wednesday. Concerns renewed after some time, primarily over Spain’s debt. Leading western European stock... 

Hungarian assets did not perform well in global comparison over the past month; the forint depreciated to 295 against the euro from around 288 at the end of February. But local fund managers have turned... 

While Hungary’s Government Debt Management Agency (ÁKK) saw extremely muted bidding for its 6-week bills at a liquidity auction on Monday, it has sold more 3-month discount Treasury bills (D120711)... 

Hungary’s forint depreciated to 297 against the euro late on Thursday and eased to 246 to the Swiss franc and around 223.50 versus the US dollar. Analysts and dealers said the IMF story has fizzled... 

While Hungary’s forint could even gain vs. key currencies after being relatively stable on Thursday morning, it started to ease markedly around noon as global investor sentiment failed to improve.... 

Similarly to the Tuesday auction of 3-month Treasury bills demand for Hungary’s 12-m bills was muted at a Thursday tender. The Government Debt Management Agency (ÁKK) has received only HUF 67.4 billion... 

Hungary’s Government Debt Management Agency (ÁKK) has sold more 3-month discount Treasury bills than it originally planned at an auction on Tuesday, which is no wonder considering that demand for... 

Hungary’s Government Debt Management Agency (ÁKK) has received HUF 107.1 billion worth of bids from primary dealers on a HUF 45 bn lot of 12-month discount Treasury bills at an auction on Wednesday... 

A serene early afternoon trading on the forint market went abruptly topsy-turvy when the Hungarian currency firmed two units against the key currencies in a matter of minutes, while global markets were... 

Buoyed by the outcome of the morning bond auctions, Hungary’s Government Debt Management Agency (ÁKK) has offered a HUF 16.7 billion lot of debt at non-competitive tenders in the afternoon, HUF 14.3... 

Hungary’s Government Debt Management Agency (ÁKK) has allotted HUF 49 billion worth of government bonds at its Thursday auctions, while it originally had a HUF 40 bn lot on offer. Bid/cover ratios... 

The panicky shifts on global markets on Tuesday gave way to a relative calm on Wednesday, but Hungary’s forint was unable to benefit from that. In fact it has eased to a new five-week low versus... 

Several foreign analyst houses have come out with sell recommendations for Hungary’s forint and their strategy has worked so far. In light of the current developments in Hungary, some strategists... 

Hungary’s Government Debt Management Agency (ÁKK) has received HUF 91.7 billion worth of bids from primary dealers on a HUF 50 bn lot of 3-month discount Treasury bills (D120613) at an auction on... 

Hungary’s forint kicked off the Tuesday session at a three-week low versus the euro, as it was unable to recover from a cc. 1% easing on Monday. Global investor sentiment is not HUF-supportive for... 

The forint kept on gaining versus the euro in February too, but in spite of that local fund managers continue to have an upbeat outlook on the Hungarian currency. However, they have turned more cautious... 

Hungary’s Government Debt Management Agency (ÁKK) has not witnessed such a huge demand for 12-month discount Treasury bills as at its Thursday auction since market turbulences started in August-September... 

Hungary’s Government Debt Management Agency (ÁKK) has received HUF 80.8 billion worth of bids from primary dealers on a HUF 50 bn lot of 3-month discount Treasury bills (D120606) at an auction on... 

Responding to the outcome of morning bond auctions, Hungary’s Government Debt Management Agency (ÁKK) placed only 5-year and 15-yr bonds on sale on the non-competitive auctions in the afternoon.... 

There was a surprisingly muted demand for Hungary’s 3-year and 15-year government bonds at auctions held by the Government Debt Management Agency (ÁKK) on Thursday, while the bid/cover ratio in the...