HUNGARY: Bubor Rates

Jul-07 09:00
Bubor rate (%) (1D change)
O/N 7.44 (11 bps)
1M 9.91 (203 bps)
3M 10.59 (200 bps)
6M 11.21 (180 bps)

Historical bullets

EGB SYNDICATION: Spain 10y: Spread set

Jun-07 08:58
  • Final spread set at 0.70% Apr-32 +11bp (guidance was +12bp area)
  • Maturity: October 31, 2032
  • Books in excess of E30.5bln (inc JLM interest)
  • Coupon: Annual, act/act, short first
  • Settlement: June 14, 2022
  • Bookrunners: Barclays, BBVA, CA-CIB, DB, JPM (B&D), MS
Source: Bloomberg

BONDS: Continued unwind since the EU Govie open

Jun-07 08:50
  • Continued unwind in Govies, not too surprising after Bund fell for the past 8 sessions and German Yields recorded new multi year high overnight.
  • Small resistance in Bund moves down to 149.78, followed by 150.07.
  • Italy leads in EGBs, up 113 ticks, pushing the BTP/Bund spread tighter, by 5.1bps to 203.00bps.
  • Gilt and Tnotes are lagging somewhat, and the Gilt/Bund and Tnote/Bund spread drifts wider, albeit by just 0.7bps.

SPAIN T-BILL AUCTION RESULTS: 6/12-month letras

Jun-07 08:43
Type 6-month letras 12-month letras
Maturity Dec 9, 2022 Jun 9, 2023
Amount E873mln E4.055bln
Target E4.5-5.5bln Shared
Previous E1.184bln E3.828bln
Avg yield -0.078% 0.479%
Previous -0.351% 0.078%
Bid-to-cover 2.73x 1.32x
Previous 1.70x 1.58x
Previous date May 03, 2022 May 03, 2022