HALISTER1: Hungary Bonds Main Beneficiary of Cen. Bank Deposit Cap: Morgan

Hungary Bonds Main Beneficiary of Cen. Bank Deposit Cap: Morgan

(Bloomberg) -- Hungarian central bank’s plan to curb deposits in its benchmark facility will push “excess liquidity” into lending market and sovereign bonds, Morgan Stanley strategist Min Dai in London says in research note.
  • Morgan Stanley includes Hungarian bonds in its “like” list
  • 2-yr bonds “look expensive” vs 5-yr bonds, according to Morgan’s “rich/cheap analysis”
  • NOTE: Hungary Central Bank to Cap Benchmark Deposits to Avert Rate Cut Link
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Min Dai (Morgan Stanley)

To de-activate this alert, click here

UUID: 7947283