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The implied cost of borrowing for Hungary has risen after ratings agency Standard & Poor's (S&P) downgraded the country's debt to junk status.
On Wednesday, following the release of Spain's disappointing growth data, the government's 10-year implied cost of borrowing nonetheless held steady in markets at about 5.15% - well down from the 7.62% that it peaked at last July.
Here is one example he gave: the implied cost of borrowing for Spain and Italy for five years, which is close to the average maturity of their debt, is now lower than the cost of borrowing for the same period for the US and the UK.
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The implied yearly cost of borrowing had fallen to 4.17% at one point, before news of the Senate results arrived.
Take the cost of borrowing dollars.
The third big change is the cost of borrowing.
January 2011: Stella Creasy calls for cap on cost of borrowing.
The cost of borrowing costs has soared for other heavily indebted euro-zone countries, particularly Spain and Portugal.
Is an increase in the cost of borrowing imminent?
The cost of borrowing for municipal governments has fallen significantly.
Gilt futures soared overnight, pushing up the cost of borrowing.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com