SNMPD v5.8 Error opening specified endpoint

If you have line:
trapsink     localhost public
in your config v5.8 fails to start. Meanwhile v5.3 starts with no problems.

Am I missing something or is this a bug?.

This output was generated using exactly the same config
v5.8
# snmpd -Dnetsnmp_udpbase -Lo -f
registered debug token netsnmp_udpbase, 1
Log handling defined - disabling stderr
netsnmp_udpbase: open remote UDP: [127.0.0.1]:162->[0.0.0.0]:0
netsnmp_udpbase: binding socket: 9 to UDP: [0.0.0.0]:0->[127.0.0.1]:161
netsnmp_udpbase: socket 9 bound to UDP: [127.0.0.1]:162->[127.0.0.1]:161
Turning on AgentX master support.
netsnmp_udpbase: open local UDP: [127.0.0.1]:161->[0.0.0.0]:0
netsnmp_udpbase: set IP_PKTINFO
netsnmp_udpbase: binding socket: 8 to UDP: [0.0.0.0]:0->[127.0.0.1]:161
netsnmp_udpbase: failed to bind for clientaddr: 98 Address already in use
Error opening specified endpoint "udp:127.0.0.1:161"
Server Exiting with code 1


v5.3
# snmpd -Dnetsnmp_udpbase -Lo -f
registered debug token netsnmp_udpbase, 1
Log handling defined - disabling stderr
netsnmp_udpbase: open remote UDP: [127.0.0.1]:162->[0.0.0.0]:0
netsnmp_udpbase: client open UDP: [127.0.0.1]:162->[0.0.0.0]:0
Turning on AgentX master support.
netsnmp_udpbase: open local UDP: [127.0.0.1]:161->[0.0.0.0]:0
netsnmp_udpbase: set IP_PKTINFO

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