ÁKK raises offer as demand remains high at three-month T-bill auction

Debt

The Government Debt Management Agency (ÁKK) raised its offer on continued strong demand at an auction of discount three-month T-bills today.

ÁKK sold HUF 70 bln of the bills expiring on October 1, raising its original offer by HUF 10 bln after primary dealers submitted bids for HUF 232.95 bln.

Demand rose further from HUF 198.9 bln at the previous auction held one week earlier at which ÁKK also raised its auction sale by HUF 10 bln to HUF 70 bln.

Average yield was 2.24%, 1bp under the secondary market benchmark, and 5 bp under the yield at the June 17 auction of the bills. Yields ranged between 2.20% and 2.25%.

ADVERTISEMENT

Pandemic has only moderate impact on big companies Analysis

Pandemic has only moderate impact on big companies

Parl't to vote on groundwork for commercial accommodation ra... Parliament

Parl't to vote on groundwork for commercial accommodation ra...

Duncan Graham reelected as BCCH president Appointments

Duncan Graham reelected as BCCH president

Budapest re-launches airport shuttle bus City

Budapest re-launches airport shuttle bus

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.