Economy
Demand for Hungarian bonds reach "only" HUF 20 bn
The ÁKK allotted HFU 52.5 billion worth of 3-yr, 5-yr and 10-yr benchmark bonds at today’s morning auctions. The exceptional demand suggested the non-competitive follow-up tenders will be just as successful. And it almost was, but demand was smaller than we expected.
Bids from primary dealers totalled HUF 5.3 bn for the 3-yr maturity, which were all accepted by the debt manager. Bids for the 5-yr and 10-yr instruments totalled HUF 8.3 bn and HUF 5.5 bn, respectively. These allotments were not outstanding compared to the previous auctions.
Bids from primary dealers totalled HUF 5.3 bn for the 3-yr maturity, which were all accepted by the debt manager. Bids for the 5-yr and 10-yr instruments totalled HUF 8.3 bn and HUF 5.5 bn, respectively. These allotments were not outstanding compared to the previous auctions.
