The National Bank of Hungary published its March 2025 statistics on securities issued by Hungarian residents, including a breakdown by holding sector. Total outstanding securities at market value were broadly flat at HUF 108,766 billion, as HUF 711 billion of positive transaction flows were offset by HUF 383 billion of price losses and HUF 322 billion of exchange-rate effects, while the market value of central government securities fell by HUF 687 billion to HUF 50,740 billion. Within central government debt, long-term forint-denominated government securities saw HUF 442 billion of new and tap issues and HUF 68 billion of repayments (face value), and discount Treasury bill issuance totalled HUF 585 billion against HUF 174 billion of maturities and redemptions. There was no issuance of foreign currency-denominated central government securities and a foreign currency bond matured in the amount of HUF 195 billion; higher yields and exchange-rate movements contributed to declines, including a HUF 323 billion reduction from price changes in forint-denominated securities and HUF 267 billion and HUF 226 billion reductions from price and exchange-rate changes in foreign currency-denominated holdings. By instrument, mortgage bonds decreased by HUF 4 billion to HUF 2,042 billion, other bonds increased by HUF 184 billion to HUF 16,297 billion driven by a HUF 420 billion rise in MNB bills, and investment fund shares and quoted shares rose by HUF 245 billion and HUF 270 billion respectively. By holder, financial corporations’ holdings increased by HUF 366 billion, while households and non-profit institutions serving households reduced holdings by HUF 90 billion and the rest of the world decreased by HUF 387 billion. The release notes that, due to corrections by data providers, securities statistics were revised back to December 2024 for investment fund shares, central government securities and quoted shares. The next press release is scheduled for 10 June 2025.

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