The ÁKK sold HUF 12.0 bln of three-year bonds, cutting its original offer by HUF 3 bln after primary dealers bid for just HUF 15.4 bln of the papers. The average yield was 0.49%, 10 bps over the secondary market benchmark but 6 bps lower than the yield at the previous auction of the bonds two weeks earlier.
The ÁKK also sold HUF 30.0 bln of five-year bonds, raising its offer by HUF 10 bln after bids reached HUF 56.1 bln. The average yield was 1.20%, 4 bps over the benchmark but 22 bps lower than the yield two weeks earlier.
Finally, the agency sold HUF 18.0 bln of ten-year bonds, HUF 6 bln more than planned, as bids came to HUF 35.4 bln. The average yield was 2.56%, 7 bps over the benchmark, but 29 bps under the yield at the previous auction.
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