ÁKK sold HUF 12.5 bln of 2029/A bonds for 2022/B bonds, below its original offer of HUF 20 bln. Primary dealers bid to switch HUF 26.45 bln of their securities.

The agency also sold HUF 10 bln of 2029/A bonds for 2023/C bonds, in line with its original offer after bids reached HUF 27.75 bln.

ÁKK sold HUF 5 bln of 2034/A bonds for 2023/C bonds, below its original offer of HUF 15 bln. Bids came to HUF 8.69 bln.

The average yield for the 2029/A bonds was 2.17%, the average yield of the 2034/A bonds was 3.07%. The average yield for 2022/B bonds was 0.43% and the average yield for the 2023/C bonds was 0.89%.

The secondary market three-year benchmark yield was 1.3% and the ten-year benchmark yield was 2.85% on Tuesday.