Romanian 10‑year bond yields dip to 6.7% as markets assess rating risk

Two months after the collapse of the Bolojan government, Romania’s 10‑year sovereign bond yield fell to around 6.7%. The yield dropped from a peak of 7.27% in March to 6.69% in the latest month, according to BNR adviser Eugen Rădulescu. Analysts at Erste Bank note that the decline reflects a “favourable budget execution” and a modest improvement in inflation dynamics, keeping the sovereign rating stable ahead of the upcoming Fitch review. Finance Minister Alexandru Nazare highlighted the 6.90% rate on February‑issued bonds and stressed that the market does not anticipate a junk‑status downgrade. The National Bank of Romania has kept its policy rate at 6.5%, reinforcing the view that immediate rate cuts are premature despite the easing yields.