Hungary Euro Roadmap Could Trigger Bond Rally
Hungary bond yields could fall further if the government presents a credible fiscal plan for euro adoption. Debt agency chief Gergely Tardos warned of market backlash if the upcoming roadmap disappoints investors.
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Hungary's 10-year bond yields could fall to 4% after the government details a fiscal roadmap to adopt the euro, the debt agency chief said on Wednesday afternoon. The pledge to meet euro entry criteria by 2030 has driven a bond rally and boosted the EUR/HUF exchange rate this year. Investors have extended an advance vote of confidence, raising stakes for upcoming budget disclosures.
