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Forint weakens as Middle East escalation fears lift regional bond yields

The forint touched a multi-month low. Czech and Polish 10-year bond yields rose to their highest levels in more than three years as Middle East escalation fears weighed on investors.

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The forint touched a multi-month low on Wednesday, while Czech and Polish 10-year bond yields rose to their highest levels in more than three years as fears of further escalation in the Middle East made investors wary.