ÁKK sold HUF 25 bln of the three-year bonds, raising its original offer by HUF 5 bln after primary dealers bid for HUF 37.5 bln of the securities. Average yield was 2.25%, 5 bp over the secondary market benchmark but 29 bp under the yield at the previous auction of the bonds two weeks earlier. Yields ranged between 2.21% and 2.26%.
ÁKK sold HUF 20 bln of five-year bonds, as planned. Bids came to HUF 28.4 bln. Average yield was 2.62%, 6 bp over the benchmark but 34 bp under the yield two weeks earlier. Yields ranged between 2.57% and 2.65%.
Sales of the ten-year bond were cut by HUF 3 bln to HUF 15 bln. Dealers bid for HUF 18.6 bln of the papers. Average yield was 3.15%, 5 bp over the benchmark but 27% under the yield at the previous auction. Yields ranged between 3.13% and 3.17%.
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