April 9, 2018 / 7:21 AM / 14 days ago

Hungarian assets firm after government re-elected

BUDAPEST, April 9 (Reuters) - Hungarian assets firmed on Monday after Prime Minister Viktor Orban’s government got re-elected with a strong mandate in Sunday’s election, averting the risk of unpredictable policy changes.

The forint opened up 0.1 percent at 312 against the euro and the Budapest Stock Exchange’s bluechip index had gained 1 percent by 0712 GMT.

Hungary’s 10-year government bond yield dropped 6 basis points at the opening to 2.45 percent.

Reporting by Sandor Peto; Editing by Mark Potter

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