With the steep rise in public debt throughout the world over the past year, management of the global financial crisis is carrying a high price. Due to the recession tax bases have shrunk, while unemployment benefit-related expenditures have soared. Restructuring …
Money-market opportunities in the immediate region
Since we entered the latest, current stage of the global financial crisis, in spring 2009, the money markets of the “Visegrád” group of nations (Czech Republic, Hungary, Poland, Slovakia) have taken on a distinct, …
Members of private pension funds who turned 52 years of age by the end of last year have the opportunity until the end of this year to quit their private pension fund and re-enter the state social security system (TB), …
“The National Bank of Hungary (NBH) has a massive portfolio of two-week bonds. The funds need to be channelled out of these at long last”, goes the policy proposal I have been hearing from a number of experienced, old hands. …
On 2 July the State Debt Management Centre (ÁKK) sold HUF 41.5 billion in 3, 5 and 10-year government bonds at single-digit yields. Encouraged by the success of this auction the ÁKK decided to raise the quantity on offer, and …
Last month we discussed a possible resurgence of carry trade, as a combination of the weakening dollar, low interest in mature markets, high interest on carry currencies and the declining volatility in the global money markets has fuelled demand for …
Carry trade, one of the popular investment strategies of the past decade, suddenly lost its significance in the financial crisis that began to unfold in mid-2007. The weakening of the dollar seen over the past month and the simultaneous strengthening …
Weakening dollar, strengthening forint: a return to carry trade?