Hungary's bond auction failed this morning, when debt management agency AKK rejected all bids for its three-year notes and took in reduced bids on the 10-year offering. Yields on 10-year Hungary debt soared to 9.70%, up from 8.78% last month. The nation's debt was downgraded to junk by Standard and Poors and Moody's last week.
Read more: http://www.businessinsider.com/10-things-you-need-to-know-before-the-opening-bell-dec-29-2011-12#ixzz1hvmIfKaK
Thursday, December 29, 2011
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