The debt manager raised quite a bit for today’s bond sales

RockedBuzz
By RockedBuzz 2 Min Read

ÁKK offered 3-year government bonds for HUF 15 billion, 5-year bonds for HUF 15 billion and 10-year bonds for HUF 10 billion.

At the auction of 3-year bonds, ÁKK accepted HUF 24.5 billion of the HUF 49.6 billion offered by the primary distributors, with increased sales. The average auction yield was 9.74 percent, 23 basis points lower than the previous auction, while it was the same as yesterday’s secondary market 3-year reference yield.

At the auction of 5-year bonds, ÁKK accepted HUF 15.0 billion of the HUF 43.8 billion offered by the primary distributors, at an average yield of 8.53 percent, 4 basis points lower than the previous auction. Wednesday’s secondary market reference yield for 5-year bonds was 8.47 percent, so there was an increase in yield here.

At the auction of the 10-year bonds, ÁKK accepted HUF 20.0 billion of the HUF 47.4 billion offered by the primary distributors, with increased sales. The average auction yield was 7.76 percent, 12 basis points higher than the average yield of the previous auction. Wednesday’s secondary market reference yield for 10-year bonds was 7.68 percent, so there was a moderate yield increase here as well.

Cover image source: Portfolio

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