Bloomberg News

Forint Gains for Second Day Against Euro; Hungarian Bonds Rise

July 10, 2012

Hungary’s forint strengthened for a second day against the euro and government bonds gained.

The forint appreciated 0.6 percent to 287.04 per euro by 10:53 a.m. in Budapest. Yields on the benchmark 10-year note fell five basis points, or 0.05 percentage point, to 7.947 percent.

European stocks advanced for the first time in a week as U.K. manufacturing unexpectedly gained and euro-area governments moved to support Spanish banks.

To contact the reporter on this story: Andras Gergely in Budapest at agergely@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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