Government bond auction · Norway
Norway 04/2028 NGB Auction
The Norway 04/2028 NGB Auction is a sale of new government debt by Norway's treasury or debt agency to investors.
- Importance
- Low
- Released
- Every two weeks
- Currency
- NOK · Norwegian krone
- Central bank
- Norges Bank
Latest figures
The latest release, published on 21 October 2026, came in at 4.79%, down from 4.82% the time before.
Over the last 7 releases it ranged from 4.54% to 4.87%, averaging 4.70%; it has been falling for three releases in a row.
| Released | For | Actual | Consensus | Previous |
|---|---|---|---|---|
| 21 Oct 2026 | – | 4.79% | – | 4.82% |
| 14 Oct 2026 | – | 4.82% | – | 4.87% |
| 7 Oct 2026 | – | 4.87% | – | 4.63% |
| 2 Sep 2026 | – | 4.63% | – | 4.59% |
| 19 Aug 2026 | – | 4.59% | – | 4.63% |
| 10 Jun 2026 | – | 4.63% | – | 4.54% |
| 27 May 2026 | – | 4.54% | – | – |
Why it matters
Auctions show the demand for a country's debt. A weak auction (low cover ratio, a yield above where the bond traded before the sale, the "tail") can push yields up across the market; a strong one calms them. In times of fiscal stress auctions get close attention.
How it is calculated
Bidders submit the yield (or price) at which they will buy; the debt office allocates from the lowest yield up until the amount is sold. The release reports the average or highest yield and the bid-to-cover ratio.
Bid-to-cover = amount bid ÷ amount soldWhat changes mean
- Bid-to-cover above its recent average and no tail: solid demand.
- Index-linked and green bonds are smaller auctions with their own investor base.
A short history
Most governments moved from fixed-price syndicates to regular auctions in the 1970s–1990s; the US Treasury has auctioned bills since 1929.
Questions
What is the Norway 04/2028 NGB Auction?
The Norway 04/2028 NGB Auction is a sale of new government debt by Norway's treasury or debt agency to investors.
What was the latest Norway 04/2028 NGB Auction?
4.79%, published on 21 October 2026.
Educational content only, not investment advice. Figures are the published results as recorded by our calendar; market reactions described are typical, not guaranteed.