Weaker HUF to keep yields under modest upward pressure after opening

"Both Hungary's forint and bonds opened stronger last Friday, but the US payroll data below expectations resulted in another negative shift in global sentiment. The late Friday afternoon weakening of the forint should increase the weakening bias in bonds after this morning's opening, although yields are not expected to adjust permanently from the recent days' ranges," Budapest Economics said on Monday.

06.08.2007

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