Conditions continue to deteriorate in Eastern Europe as well, particularly Hungary, where the...

|By:, SA News Editor

Conditions continue to deteriorate in Eastern Europe as well, particularly Hungary, where the forint hits at an all-time low of EUR 317 as the country's 10 year bond yield soars to 8.5%. Unicredit's Gyula Toth thinks the yield should be 150 bps higher, if CDS spreads are to be believed. Investors are bracing for a possible debt downgrade from Fitch, S&P, or both.