0848 GMT - The Hungarian government bond-yield curve is expected to flatten following Sunday's election result, ING's Frantisek Taborsky says in a note. Hungary's Prime Minister Viktor Orban was ousted after 16 years of governance in a landslide defeat. Long-dated bonds should benefit on the prospect of a better economic outlook due to the expected inflow of European Union funds and the prospect of euro adoption, he says. Short-dated bonds will continue to be burdened, however, by the U.S.-Iran conflict and higher energy prices. This will likely prevent the central bank from cutting rates in the coming months, despite Hungary's currency outperforming Central and Eastern Europea peers, Taborsky says. "This will result in curve flattening." (emese.bartha@wsj.com)
(END) Dow Jones Newswires
April 13, 2026 04:48 ET (08:48 GMT)
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