Hungarian Bond Yields Decline to Two-Week Low Ahead of Auction
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Hungary’s bond yields fell to the lowest in more than two weeks as investors returned to riskier assets, reducing costs before the government’s sale of 45 billion ($218 million) forint of debt at its auction tomorrow.
Gains in Hungary’s 5.5 percent February 2014 bond sent the yield to 7.69 percent yesterday, the lowest since Nov. 25, compared with 7.909 percent when they were last sold on Dec. 2. The yield rose to 7.73 percent today. The government will offer bonds due in 2014, 2016 and 2020 at its biweekly sale, according to data from the debt management agency on Bloomberg.