On Thursday, the ÁKK sold HUF 30.0 bln of discount 12-month T-bills, in line with its original offer. Primary dealers bid for HUF 103.1 bln of the bills, and the average yield was 0.37%, 5 basis points over the secondary market benchmark, which matures three months earlier, and 1 bp higher than the yield at the previous auction of the bills two weeks earlier.
The ÁKK also sold HUF 9.0 bln of five-year floating-rate bonds, raising its original offer by HUF 1.0 bln after bids came to HUF 31.2 bln.
Earlier on Wednesday, the ÁKK sold HUF 20 bln of 2026/D bonds for 2020/C bonds, in line with its original offer. Demand from primary dealers came to HUF 56.7 bln for the exchange.
The 2026/D bonds sold at an average yield of 2.74%, while the yield of the 2020/C bonds was 0.47%.
The ÁKK also sold HUF 19.5 bln of 2028/A bonds for 2020/A bonds, HUF 0.5 bln under plan, after bids reached HUF 27.6 bln.
The 2028/A bonds sold at an average yield of 2.91%. The yield of the 2020/A bonds was 0.51%.
Of the closest secondary market benchmarks, the yield on the three-year 2021/C bond was 1.04%, the yield on the five-year 2024/C bond was 2.30%, and the yield on the 2027/A bond was 2.79%.
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