Demand strong, yields steady at three-month T-bill auction

Debt

Demand was strong and yields were steady at an auction of three-month discount T-bills by the Government Debt Management Agency (AKK) on Tuesday.

AKK sold HUF 30bn of the bills, in line with the original offer. Primary dealers submitted bids for HUF 118.7bn.

Average yield was 7.03%, the same as at the previous auction of the bills one week earlier. The yield was 32bp under the secondary market benchmark, but the benchmark matures on May 2, while the auctioned bill matures on March 21. Yields ranged between 6.95% and 7.06%.

ADVERTISEMENT

Consumer price levels below EU avg in 2020 Analysis

Consumer price levels below EU avg in 2020

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Breast cancer screening at Dr. Rose Private Hospital Interview

Breast cancer screening at Dr. Rose Private Hospital

Budapest launches revamped coupon card for visitors City

Budapest launches revamped coupon card for visitors

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.