Hungary sees increase in 10-year bonds' interest rates to 9.7%

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Source: BBC

Hungary sold 15bn forints on the debt auction as compared to government's target of 18bn forints. The country already negotiates refinancing package with the IMF and EC. However, the talks were prolonged due to fears over lack of independence of Hungary's central bank. The interest rate on the country's 10-year bonds surged from 8.78% to 9.7%.

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