Yields were slightly down from the latest secondary market benchmarks, and, on the two shorter maturities, also fell from the previous auction. The ten-year average yield rose, however, from its last auction held on August 19. Demand for the three-year bonds halved but bids for the ten-year bonds nearly doubled from their previous auctions.
ÁKK sold HUF 20 bln of three-year bonds, in line with plans. Primary dealers bid for HUF 50.7 bln of the papers. Average yield was 1.75%, 3 bps under the secondary market benchmark and 22 bps lower than the yield at the previous auction of the bonds two weeks earlier.
ÁKK sold HUF 30 bln of five-year bonds, HUF 10 bln over the original offer. Bids reached HUF 69.8 bln. Average yield was 2.54%, 2 bps under the benchmark and 13 bps under the yield at the auction two weeks earlier.
ÁKK sold HUF 20 bln of ten-year bonds, HUF 5 bln more than planned. Bids came to HUF 43.3 bln. Average yield was 3.57%, 1 bps under the benchmark but 11bo over the average at the last auction of the bonds four weeks earlier.
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