ÁKK sold HUF 37.5 bln of five-year bonds, raising its original offer by HUF 12.5 bln after primary dealers bid for HUF 68.2 bln of the securities. The average yield was 2.02%, 3 bp under the secondary market benchmark, but 2 bp over the yield at the previous auction of the bonds two weeks earlier.
The agency sold HUF 27.5 bln of 10-year bonds, HUF 2.5 bln over the original offer. Bids reached HUF 45.8 bln. The average yield was 2.85%, 1 bp over the benchmark, but 5 bp under the yield at the auction two weeks earlier.
ÁKK sold HUF 10 bln of 20-year bonds, cutting its offer by HUF 5 bln after dealers bid just HUF 13.8 bln. Average yield was 3.4%, level with the benchmark but 23 bp higher than the yield at the previous auction of the bonds in early April.
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