Hungary’s Bonds Looks Frothy After Rubio Pledge, Aviva Says
The article discusses the recent rally in Hungarian bonds following a pledge of financial support from US Senator Marco Rubio. Aviva Investors, an asset management firm, has raised concerns about the sustainability of this rally, suggesting that Hungarian bonds may be "frothy" or overvalued. The article notes that Hungarian bonds have gained in value after the US pledge, which is seen as a sign of support for Prime Minister Viktor Orban's government. However, Aviva Investors cautions that this rally may not be sustainable, and that the bonds may be overpriced or "frothy." The article does not provide further details on the nature of the US pledge or the reasons behind Aviva Investors' concerns about the sustainability of the bond rally. It simply highlights the potential disconnect between the market's reaction and the underlying fundamentals of the Hungarian economy and government.
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