Skip to main content

Hungary upgraded but bond rally limited

The rally in Hungary’s financial markets following its return to investment grade last Friday has grabbed the headlines, but in practice most of the fall in its dollar bond spreads happened in 2012-14. Elsewhere, yields on short-term Czech local currency debt have fallen sharply. That comes amid speculation that the currency will strengthen sharply once the exchange rate ceiling is lifted. 

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.

By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.