ÁKK raises offers for shortest, longest terms at bond auction
The Government Debt Management Agency (ÁKK) raised its offers for the shortest and the longest terms at a bond auction on Thursday.
ÁKK sold HUF 25bn of three-year bonds, raising its original offer by HUF 5bn. Primary dealers submitted bids for HUF 58.5bn.
Average yield -- and the only yield -- for the bonds was 6.65%, 4bp under the secondary market benchmark, but 82bp over the yield at the previous auction two weeks earlier.
ÁKK sold HUF 15bn of five-year bonds, as announced. Offers came to HUF 35.9bn.
Average yield -- and also the only yield -- was 7.25%, 7bp under the secondary market benchmark but 79bp over the yield two weeks earlier.
ÁKK sold HUF 10bn of ten-year bonds, HUF 2bn more than planned. Offers came to HUF 28.1bn.
Average yield was 8.14%, 10bp over the secondary market benchmark and 86bp higher than the yield at the previous auction of the bonds four weeks earlier. Yields ranged between 8.10% and 8.14%.
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