Hungarian bonds firm

Hungarian bonds firm, with the shorter end of the curve also benefitting from the debt center's upcoming bond buyback auction Wednesday. On longer maturities, however, offers continue to outnumber bids with foreign investors on the selling side, a trader says. 3-year yields are at 12.05%, 5-year at 11.85% and 10-year at 11.30%. "Yields could come down further as long as international sentiment remains supportive," the trader notes. Adds however  that uncertainty will persist as long as the new government is unknown. EUR/HUF is at 300.90, largely unchanged from the morning.