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June 9, 2026

NGB Spotlight: NOK 3bn in NST480 and NST490

Rates StrategyRates Govt Bonds

Norges Bank is set to auction NOK 3bn in NST480 and NST490 bonds on June 10th. Strong demand is anticipated, particularly in the 2028-2029 segment, amidst a trend of front-loaded annual supply.

Key Takeaways

  • 1.Norges Bank will auction a total of NOK 3bn across NST480 and NST490 bonds on June 10, 2026.
  • 2.Supply pressure is expected to ease significantly after the summer break as the bank nears its 2026 annual issuance target of NOK 100-110bn.

Table of Contents

  • NOK 3bn in NST480 and NST490
  • NST spread curves
  • NST ASW spreads
  • Annual cumulative NST supply
  • Annual NST gross supply

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Authors

Marthe EideErica Dalstø

Securities

NST480NST490

Themes

Sovereign Debt IssuanceMonetary Policy Normalization

Regions

EuropeNorwayGermany