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June 4 (Bloomberg) -- Hungary’s bonds fell, sending yields over U.S. Treasuries higher, after a spokesman for Prime Minister Viktor Orban said talk of a default is "not an exaggeration."
The so-called yield spread on Hungary debt rose 17 basis points to 3.36 percentage points at 12 p.m. in London, according to JPMorgan Chase & Co.’s EMBI Global Index.
Hungary’s economy is in a "very grave situation’’ because the previous government manipulated figures and lied about the state of the economy, Orban’s spokesman Peter Szijjarto said at a press conference in Budapes
June 4 (Bloomberg) -- Hungary’s bonds fell, sending yields over U.S. Treasuries higher, after a spokesman for Prime Minister Viktor Orban said talk of a default is "not an exaggeration."
The so-called yield spread on Hungary debt rose 17 basis points to 3.36 percentage points at 12 p.m. in London, according to JPMorgan Chase & Co.’s EMBI Global Index.
Hungary’s economy is in a "very grave situation’’ because the previous government manipulated figures and lied about the state of the economy, Orban’s spokesman Peter Szijjarto said at a press conference in Budapes