Bond Vigilantes Swarm European Economies Where Inflation Is Hot
- Yields in Hungary and Poland rise faster than anywhere in EU
- Traders pushing for early end to easing programs, rate hikes
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Bond markets are famous for pushing their agenda, and in east Europe right now, they’re pushing for rate increases, never mind what central banks have to say on the matter.
Yields on bonds of Hungary and Poland are rising faster than anywhere else in Europe. Hungary’s jumped 32 basis points last week, signaling traders are primed for rate liftoff as inflation roars back to life ahead of widespread economic re-openings this summer.