Forint Weakens, Hungarian Bonds Drop as Investors Avoid Risk

Posted on 17 August 2012. Tags: , , , , , , ,

Forint Weakens, Hungarian Bonds Drop as Investors Avoid Risk
Hungary's forint depreciated 0.2 percent to 279.30 per euro by 2:37 p.m. in Budapest, making it the second-worst performer among more than 20 emerging currencies tracked by Bloomberg. Benchmark 10-year bonds weakened, lifting the yield one basis …
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