Interest rates at which the Romanian government borrows have risen by 40 basis points to close to 8% for 10-year bonds following the first round of the presidential election. Investors are analyzing the impact of the outcome on government stability. Yields on securities maturing in 2034 have hit their highest levels since January, with financial group Erste suggesting George Simion's victory could have negative effects on the leu and government bonds. The government is facing a high budget deficit and a significant borrowing requirement, estimating a need of 232 billion lei by 2025.
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