But the markets understood that the Hungarian problem is rather local and there is generally no reason to panic.
"Hungarian yields and rates have spiked, but this time there has been no spill-over to Polish and Czech rates and yields, which is a clear indication that the markets for now -- rightly in our view -- see this as a Hungarian rather than a wider central and eastern European (CEE) story," said Lars Christensen, chief analyst at Danske bank.
"If the Hungarian crisis escalates we don't believe that the other CEE markets will remain totally immune, but for now there is no reason to panic," he added. Enditem
