ÁKK buys HUF 32.23 bln of bonds at reverse auction
The Government Debt Management Agency (ÁKK) bought HUF 32.23 bln of bonds before maturity at a reverse auction today, Hungarian news agency MTI reported.
ÁKK bought back HUF 16.25 bln of 2017/B bonds, which mature on February 24, 2017, slightly more than at the previous reverse auction of the bond held on March 30. Bids reached HUF 29.41 bln.
ÁKK bought back HUF 15.98 bln of 2017/A bonds, which mature on November 24, 2017, almost HUF 10 bln less than on March 30. Bids reached an unusually high HUF 67.44 bln.
Average repurchase yield was 0.88% for both bonds, slightly up from 0.86% for the 2017/A bonds and from 0.84% for the 2017/B bonds from two weeks earlier, while 11 basis points under Tuesdayʼs twelve-month secondary market benchmark.
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