ÁKK sold HUF 20 bln of three-year bonds, cutting its original offer by HUF 5 bln after primary dealers bid for just HUF 22.5 bln. Average yield was 3.02%, 2bp under the secondary market benchmark but 3bp over the yield at the previous auction of the bonds two weeks earlier. Yields ranged between 2.98% and 3.08%.
ÁKK sold HUF 33.5 bln of five-year bonds, HUF 8.5 bln more than planned. Bids came to HUF 93.1 bln. Average yield was 3.31%, 3bp under the benchmark, but 8bp over the yield at the previous bond auction. Yields ranged between 3.28% and 3.34%.
ÁKK sold HUF 12.5 bln of ten-year bonds, HUF 2.5 bln under the original offer. Dealers bid for HUF 14.7 bln of the papers. Average yield was 4.20%, 5bp over the benchmark but 3bp under the yield two weeks earlier. Yields ranged between 4.12% and 4.25%.
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