HUNGARY: Fitch Set to Review Hungary’s Rating Next Week (2/2)
Nov-28 15:42
- As well as the review from Moody’s, Fitch is scheduled to review Hungary next week (current rating: BBB), though its stable outlook makes a downgrade less likely. Nonetheless, a switch to a negative outlook remains a possibility while JP Morgan say an outright downgrade still cannot be ruled out. S&P revised Hungary’s outlook to negative in April.
- National Economy Minister Marton Nagy stressed that he does not foresee any further risk to next year's deficit and that credit rating agencies will not change their stance due to new fiscal measures, as they had already anticipated a deficit of around 5% next year.
- In similar vein, speaking in an interview with MNI earlier this month, a former senior NBH official said there is “always something the government can tweak, some sort of short-term fix – such as raising the bank tax, for example – to avoid a downgrade.”
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BOC: MNI Rough Transcript Of October BOC Press Conference
Oct-29 15:40
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FED: US TSY 17W BILL AUCTION: HIGH 3.705%(ALLOT 10.98%)
Oct-29 15:32
- US TSY 17W BILL AUCTION: HIGH 3.705%(ALLOT 10.98%)
- US TSY 17W BILL AUCTION: DEALERS TAKE 37.16% OF COMPETITIVES
- US TSY 17W BILL AUCTION: DIRECTS TAKE 4.00% OF COMPETITIVES
- US TSY 17W BILL AUCTION: INDIRECTS TAKE 58.84% OF COMPETITIVES
- US TSY 17W BILL AUCTION: BID/CVR 2.94
FED: US TSY 2Y FRN AUCTION: HIGH MARGIN 0.190%; ALLOTMENT 21.80%
Oct-29 15:32
- US TSY 2Y FRN AUCTION: HIGH MARGIN 0.190%; ALLOTMENT 21.80%
- US TSY 2Y FRN AUCTION: DEALERS TAKE 34.86% OF COMPETITIVES
- US TSY 2Y FRN AUCTION: DIRECTS TAKE 1.50% OF COMPETITIVES
- US TSY 2Y FRN AUCTION: INDIRECTS TAKE 63.64% OF COMPETITIVES
- US TSY 2Y FRN AUCTION: BID/CVR 3.63
