ÁKK sold HUF 20 bln of the three-year bonds, as planned. Primary dealers bid for HUF 37.65 bln of the papers. Average yield was 2.47%, up by 39 bps compared to the previous action and up by 37 bps from the secondary market benchmark.

ÁKK also sold HUF 20 bln of the five-year bonds, as planned. Primary dealers bid for HUF 38.40 bln of the papers. Average yield rose to 2.83%, up 7 bps compared to the previous auction and up by 27 bps compared to the secondary market benchmark.

ÁKK sold HUF 13 bln of the ten-year bonds, HUF 1 bln more than planned. Bids came to HUF 24.67 bln. Average yield was 3.52%, down 6 bps compared to the previous auction and up 17 bps compared to the secondary market benchmark.

The auction was the first of this year for three-, five and ten-year bonds. At the first auction of three-, five- and ten-year bonds in 2015, average yields were 2.25%, 2.96% and 3.42%, respectively.