ÁKK sells HUF 40 bln of six-week T-bills, over plan

Automotive

pixabay

The Government Debt Management Agency (ÁKK) sold HUF 40 billion of discount six-week T-bills at a liquidity auction on Monday, raising its original offer by HUF 10 bln on high demand. Primary dealers bid for HUF 92 bln of the papers.

The average yield was 0.00%, 1 basis point over the three-month secondary market benchmark and 2 bps under the average yield at the previous liquidity auction held a week earlier, state news wire MTI reported.

The liquidity discount T-bills are designed to manage the central governmentʼs short-term liquidity needs, and, accordingly, are auctioned on a case-by-case basis.

ADVERTISEMENT

SME sector investment activity continues to grow Analysis

SME sector investment activity continues to grow

Márki-Zay tests positive for COVID-19 Elections

Márki-Zay tests positive for COVID-19

New leasing and sales director at Horizon Development Appointments

New leasing and sales director at Horizon Development

Gov't calls for technical screening of László Papp Arena City

Gov't calls for technical screening of László Papp Arena

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 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.