The ÁKK sold HUF 25.0 bln of three-year bonds, as planned. Primary dealers bid for HUF 27.4 bln of the securities, and the average yield was 1.46%.

The yield on the three-year secondary market benchmark, which matures more than one year earlier, was 0.94% on Thursday, while the yield on the three-year bond sold at the previous auction two weeks earlier (also the three-year 2021/C benchmark) was 1.03%.

The ÁKK also sold HUF 33.5 bln of five-year bonds, raising its original offer by HUF 8.5 bln after bids reached HUF 79.5 bln. The average yield was 2.21%, 2 basis points over the secondary market benchmark, but 2 bps under the yield at the previous auction of the bonds two weeks earlier.

Finally, the ÁKK sold HUF 30.0 bln of ten-year bonds, HUF 10.0 bln over plan. Bids came to HUF 40.4 bln, and the average yield was 3.16%, 49 bps over the secondary market benchmark, which matures almost three years earlier, but just 2 bps higher than the yield when the same bond was sold at auction two weeks earlier.

In addition, the ÁKK sold a further HUF 12.9 bln of five-year and HUF 6.4 bln of ten-year bonds at a non-competitive tender after the auction.