ÁKK raises offer on strong demand at three-month T-bill auction
The state debt management agency ÁKK raised its original offer for discount three-month T-bills on strong demand at an auction on Tuesday. ÁKK sold HUF 65 billion of the bills, HUF 15 billion more than planned. Primary dealers offered to buy HUF 153.1 billion of the bills. Average yield was 5.17%, 1bp under the secondary market benchmark and 11bp lower than the yield at the previous auction of the bills one week earlier. Yields ranged between 5.10% and 5.19%.
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.