Demand fell from the previous auction on July 21 but was still high for the two shorter terms where yields fell. The ten-year bonds were moderately oversubscribed and the yield slightly dropped from the July 21 but rose from Wendesdayʼs benchmark.
ÁKK sold HUF 23.5 bln of three-year bonds, HUF 3.5 bln more than planned. Dealers bid for HUF 39 bln of the papers. Average yield was 1.41%, 2 bps under the secondary market benchmark and 1 bps lower than the yield at the previous auction of the bonds.
ÁKK sold HUF 19.5 bln of five-year bonds, HUF 4.5 bln over the plan. Bids came to HUF 34.7 bln. Average yield was 1.99%, 2 bps under the benchmark 8 bps under the average yield at the auction two weeks earlier.
ÁKK sold the planned HUF 10 bln of ten-year bonds after receiving bids for HUF 13.5 bln. Average yield was 2.93%, 1 bps over the benchmark and 1 bps lower than the yield two weeks earlier.
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