Hungarian Bonds Snap Four-Day Losing Streak on Japan
This article is for subscribers only.
Hungarian bonds snapped a four day losing streak and the forint appreciated after Japan said it will buy bonds to help fight the debt crisis in the euro region.
The yield on Hungary’s 7.5 percent government bond maturing in 2020 fell 11 basis points to 8.107 percent by 3:40 p.m. in Budapest, the first decline since Jan. 4. The forint strengthened 0.6 percent to 278.01 against the euro after weakening the three previous days.