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3-6 Year Bonds see Lower Demand at Auction on Seasonality

HUNGARY

HUNGARY AUCTION RESULTS

  • 45B Forint of 1.5% 2026 Bonds; Bid-Cover 2.28x (2.60x), yield 1.38% (1.49%)
  • 30B Forint of 1.5% 2023 Bonds; Bid-Cover 1.7x (2.85), yield 0.73% (1.00%)
  • HUF 10bn larger auction in 2023 bonds than prior. Demand showing a drop-off post-EU fund optimism and most likely seasonal low volumes
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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