Hungary’s Government Debt Management Agency (ÁKK) allotted 75 billion HUF worth of government bonds at its first bond auctions of 2018.
The news is a positive sign as 50 billion HUF was originally planned for the sale and yields have fallen to record lows, according to Portfolio.hu.
The report also states that average yields have fallen to new all-time lows - the yield on the 10-year benchmark paper has never been under 2.0 percent, for example.
Overall, the debt manager sold 75 billion HUF worth of bonds today instead of the planned 50 billion HUF at high demand and lower yields. Reports suggest that additional allotments can be expected at the non-competitive tenders this afternoon.