Downgrades Loom for Hungary, Poland, Bond Yields Show

Hungarian, Polish and Czech government debt, among the highest rated in emerging markets, has already been downgraded by bondholders.

Investors demand 20 basis points more yield to own Hungary’s bonds than similar-maturity Brazilian debt, which is rated four levels lower by Moody’s Investors Service, JPMorgan Chase & Co. indexes show. The risk of Poland defaulting is about the...