It sold HUF 25 bln of three-year bonds, raising its original offer by HUF 5 bln after primary dealers bid for HUF 63.7 bln of the papers. Average yield was 2.70%, 7bp under the secondary market benchmark and 18bp lower than the yield at the previous auction two weeks earlier. Yields ranged between 2.67% and 2.72%.
ÁKK sold HUF 30 bln of five-year bonds, HUF 10 bln more than planned. Dealers bid for HUF 61.6 bln of the papers. Average yield was 3.05%, 8bp under the benchmark and 31bp lower than the yield at the auction two weeks earlier. Yields ranged between 3.01% and 3.06%.
Sales of the ten-year bond came to HUF 22.5 bln, HUF 7.5 bln more than the original offer. Bids reached HUF 81.1 bln. Average yield was 3.66%, 8bp under the benchmark and 56bp lower than the yield at the previous auction of the securities four weeks earlier. Yields were in a narrow range between 3.66% and 3.67%.
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