the It has a duration of 5 years, from Series 2028/A, ÁKK offered paper with a face value of HUF 10 billion to primary distributors. the The request was 76.2 billion Hungarian forintsThus, the coverage rate reached 762%. ÁKK responded to the order in the quantity originally announced More offers worth 34 billion Hungarian forints were accepted. The return on the securities sold ranged between 7.76% and 7.84%, and the average return reached 7.81%. The average sales yield today was 81 basis points higher than at the last auction for the same paper. Today’s average yield was 3 points higher than the benchmark yield set by ÁKK for this maturity yesterday.
the 10 years, Series 2032/A, ÁKK offered paper with a face value of HUF 10 billion to primary distributors. the The request was 44.6 billion Hungarian forints, The coverage rate was 446%. ÁKK responded to the order in the quantity originally announced More offers worth 14 billion Hungarian forints were accepted. Papers sold Its return ranged between 7.65% and 7.69%, and the average return was 7.67%. The average sales yield today was 67 basis points higher than at the last auction for the same paper. Today’s average yield was 7 points higher than the benchmark yield set by ÁKK for this maturity yesterday.
the 3 years, from Series 2026/H, ÁKK offered paper with a face value of HUF 10 billion to primary distributors. the The request was 35.5 billion Hungarian forints, The coverage rate was 355%. ÁKK responded to the order in the quantity originally announced More offers worth 19.5 billion Hungarian forints were accepted. the The return on the securities sold ranged between 8.5% and 8.55%, and the average return reached 8.53%. The average sales return today was 55 basis points higher, As in the last auction for the same paper. Today’s average yield was 5 points higher than the benchmark yield set by ÁKK for this maturity yesterday.
In other words, we can say that the original fundraising of 30 billion forints has become a fundraising of 67.5 billion forints. Even with the significant increase in yield, ÁKK accepted a higher amount of financing.
All this is understandable due to the high demand for funds this year, the ÁKK itself announced a few weeks ago that the demand for 2023 will increase, and this week it was also officially decided that the government will raise the deficit target for this year.
In the meantime, we should not forget that yields on developed bond markets, especially American ones, have also reached new domestic peaks, in light of which the increase in Hungarian bond yields, that is, the increase in the cost of raising domestic debt. Money, not surprising at all.
| Latest sales data for each entitlement | |||||||||
| date | Duration | Guarantees | Declared quantity (million Hungarian forints) | Amount submitted (1 million HUF) | Acceptable quantity (m HUF) | Max yield | Average return | What is the return? | |
| 2023-10-05 | 5Y | 2028/A | 10,000 | 76,200 | 34000 | 7.84 | 7.81 | 7.76 | |
| 2023-10-05 | 10 years | 2032/A | 10,000 | 44600 | 14000 | 7.69 | 7.67 | 7.65 | |
| 2023-10-05 | 3Y | 2026/AH | 10,000 | 35,500 | 19,500 | 8.55 | 8.53 | 8.50 | |
| 2023-10-03 | 3M | D240110 | 15000 | 25177 | 15000 | 8,10 | 8.03 | 7.65 | |
| 2023-09-28 | 20 years | 2041/A | 10,000 | 16,638 | 10,000 | 7.36 | 7.34 | 7.28 | |
| 2023-09-28 | 12 pm | D240821 | 15000 | 22197 | 15000 | 8.95 | 8.75 | 8.20 | |
| 09-27-2023 | 6 m | D240320 | 15000 | 38,398 | 21000 | 8.65 | 8.52 | 7.50 | |
| 2023-08-03 | 15 years | 2038/A | 10,000 | 22,850 | 10,000 | 7.52 | 7.50 | 7.47 | |
| 05-11-2023 | 30 years | 2051/c | 5000 | 15,530 | 5000 | 7.47 | 7.45 | 7.44 | |
| Data source: ÁKK. | |||||||||
Additional data a Wallet station on government paper pages Have been found.
Cover image source: Getty Images
