Hungary's borrowing costs soar


The yield on Hungarian debt rose sharply and the forint moved lower against the euro on January 5 amid concerns the government will not receive financial assistance from the International Monetary Fund (IMF).

Investors demanded a premium of 9.96% from the government to borrow funds for 15 years, according to data from the Hungarian Debt Management Agency, after an auction that received total bids of just 1.18 times the allotted amount. The yield on 10-year government bonds hit a new high on

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