ÁKK sells more bonds than planned, yields rise

Debt

The Government Debt Management Agency (ÁKK) sold HUF 69.5 bln of three-, five- and ten-year bonds at auction on Thursday, raising its original offer by HUF 22.5 bln.

All three bonds were more than three times oversubscribed. Partly reflecting the higher sales, yields rose slightly both compared to Wednesdayʼs secondary market benchmarks and the previous auction held two weeks earlier.

The three- and five-year auction yield rose for the second auction and the ten-year one rose for the first time since the middle of August.

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