Economy
Hungarian bond yields jump on Greek news
The Hungarian government securities market shows similar developments as global ones. After a sharp rise in yields after opening, investors have started to calm down. According to Portfolio’s market sources, the yields on longer bonds went up 20-25 bps. The yield on the 10-yr benchmark is back north of 4.00% after closing at 3.83% on Friday (26 June). Since then, however, the wrinkles on investors’ foreheads started to smoothen out and buyers have apparently returned to the market in larger numbers, as a result of which yields have started to correct.
Turnover may be bigger than average but we have seen no panicky reactions. There were a few larger deals but no abrupt, hasty activity is seen, market sources added. On global markets, the “periphery" yields that opened with a 25-30 bp jump in the morning have set on a corrective path after the first negative reactions and are just 15bp above compared to their Friday closing levels.
Turnover may be bigger than average but we have seen no panicky reactions. There were a few larger deals but no abrupt, hasty activity is seen, market sources added. On global markets, the “periphery" yields that opened with a 25-30 bp jump in the morning have set on a corrective path after the first negative reactions and are just 15bp above compared to their Friday closing levels.
