ÁKK sold HUF 41.5 bln of discount 12-month T-bills, a multiple of the HUF 15 bln original offer. Primary dealers bid for HUF 95 bln of the bills. The average yield was 14.69%, 14 bp over the secondary market benchmark yield and 13 bp higher than the yield at the previous auction of the bills two weeks earlier.
The agency sold HUF 7 bln of three-year bonds, more than halving the original HUF 15 bln offer after bids reached just HUF 14.6 bln. The average yield was 10.66%, 13 bp under the benchmark but 32 bp over the yield at the previous auction of three-year bonds one week earlier.
ÁKK sold HUF 25 bln of 20-year bonds, HUF 10 bln over the plan. Bids came to HUF 38 bln. The average yield was 8.02%, 2 bp under the benchmark but 87 bp over the yield at the previous auction of the bonds late in January.
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