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CEE MARKETS-Forint, stocks weaker after Hungary announces windfall taxes

The Hungarian forint edged down while stocks extended losses on Friday as markets assessed the impact of new windfall taxes worth 800 billion forints ($2.19 billion) on "extra profits" earned by banks, energy companies and other firms. The taxes aim to help reduce the budget deficit this year and next, the Hungarian government said on Thursday. Some 60% of the deficit adjustment will come from spending cuts while the new taxes will make u

TREASURIES-U.S. Treasury yields steady on slower growth outlook

U.S. Treasury yields were little changed on Thursday after the benchmark 10-year note hit a fresh six-week low, with inflation fears continuing to dissipate as economic data and corporate announcements point to slower growth. The yield on 10-year Treasury notes rose 0.9 basis points to 2.756% after falling to 2.706% early in the session. Expectations were high a few weeks ago that the Federal Reserv

TREASURIES-U.S. yields edge up on slower growth outlook

U.S. Treasury yields edged up on Thursday after the benchmark 10-year note hit a fresh six-week low, with inflation fears continuing to dissipate as macro data and corporate announcements point to slower economic growth. The yield on 10-year Treasury notes rose 2.3 basis points to 2.770% after falling to 2.706% early in the session. Expectations were high a few weeks ago that the Federal

TREASURIES-U.S. yields little changed as inflation fears dissipate

U.S. Treasury yields were little changed on Thursday after the benchmark 10-year note slid to a fresh six-week low, with inflation fears continuing to dissipate as corporate announcements point to slowing economic growth. The yield on 10-year Treasury notes rose 0.3 basis point to 2.751% after earlier falling to 2.706%. The market had been waiting for data at the macro level to confirm slower e

CEE MARKETS-Forint, stocks fall as investors await details of Hungary windfall taxes

The Hungarian forint extended losses and stocks plummeted on Thursday, as investors awaited details of new windfall taxes on banks and large private companies, with the government aiming to rein in a ballooning budget deficit. Prime Minister Viktor Orban announced on Wednesday that banks and companies that make "extra profits" will have to contribute to the costs of strengthening the army and financing caps on households' energy bills.

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