The ÁKK sold HUF 33 bln of the 12-month T-bills maturing on November 21, 2018, after demand was level with the HUF 40 bln offer. The average yield was 0.05%, 4 basis points over the secondary market benchmark, calculated on a bill expiring on September 26 next year, and 2 bps higher than the yield at the previous auction of the bills two weeks earlier.
The ÁKK also sold HUF 8 bln of five-year floating-rate bonds, HUF 1 bln more than planned. Dealersʼ bids came to HUF 13.6 bln.
Demand for 12-month discount T-bills remained weak after an undersubscribed auction two weeks earlier. Demand was similar for the floaters at the previous auction, when ÁKK sold just the planned volume.
Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
