Hungarian Yields Surpass Romania as EU’s Highest on Budget Risks
Viktor Orban’s administration is raising spending as it seeks to reverse a drop in popularity.
Photographer: Ludovic Marin/Getty ImagesHungary’s government bond yields have risen above Romania’s for the first time in a year, becoming the riskiest in the European Union as government plans to boost the budget deficit jolted the market.
The yield on the 10-year domestic bond increased 9 basis points on Wednesday, rising above 7% and bringing this week’s jump to almost 20 basis points, according to data compiled by Bloomberg. Meanwhile, the comparable Romanian yield dropped 2 basis points to 6.96% in early trading.