Yields dropped as a result both compared to the previous auction and Wednesdayʼs secondary market benchmarks.
The three-year average auction yield dropped to a new all-time low, and yields dropped for the first time since the end of September or early October.
ÁKK sold HUF 20 bln of three-year bonds, as planned. Primary dealers bid for HUF 85.0 bln of the papers. Average yield was 1.03%, 9 bps under the secondary market benchmark and 19 bps under the yield at the previous auction of the bonds two weeks earlier.
ÁKK sold HUF 15 bln of five-year bonds, in line with the original offer. Bids came to HUF 83.3 bln. Average yield was 1.94%, 9 bps under the benchmark and 24 bps under the yield two weeks earlier.
ÁKK sold HUF 10 bln of ten-year bonds, also in line with the original offer. Bids reached HUF 66.7 bln. Average yield was 3.30%, 11 bps under the secondary market benchmark and 21 bps under the yield at the previous auction of the bonds.
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