With oversubscription rates of three or four, the Government Debt Management Agency (ÁKK) has sold 3-, 5- and 10-year bonds at an increased price, with reduced yields well below sub-prime levels.

The ten-year average auction yield fell by 28 basis points from the previous auction’s 7.61%, and was 9 basis points lower than Wednesday’s 7.42% benchmark, at 7.33%. After the bond auction the forint started to rise sharply, with the euro falling from 277 to 276 forints; euro-dollar exchange rates were essentially unchanged.

(Prime Minister’s Office)