|
|
Article: Hungarian fixed income yields stabilize in wake of Moody's downgrade.
- Article from:
- Hungary Business News
- Article date:
- February 23, 2006
CopyrightCOPYRIGHT 2006 Gale acknowledges Publisher's copyright in the text of the Publication and shall place users of that text on notice of that copyright interest. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Hungarian fixed income yields stabilize in wake of Moody's downgrade
BUDAPEST. FEBRUARY 23. INTERFAX CENTRAL EUROPE - While the negative reaction on the fixed income market to a downgrade of Hungary's rating outlook by Moody's on Wednesday was relatively short-lived, analysts said yields are nonetheless likely to rise further due to Hungary's problematic fiscal situation.
"Yesterday's events mean nothing good to [Hungarian bonds]. We are very likely to be the laggards in the correction trend in the CE4 [Poland, Hungary, Slovakia and the Czech Republic] region [after Wednesday's rise in yields across emerging markets], or the frontrunners in further ...