ÁKK 12-month T-bill sale falls short of plan

Debt

The Government Debt Management Agency (ÁKK) sold HUF 10 billion of discount 12-month T-bills on Thursday, HUF 5 bln less than planned, after bids barely exceeded the original offer.

Primary dealers bid for HUF 15.03 bln of the papers expiring on August 26, 2020, state news wire MTI reported.

The average yield was 0.05%, 2 basis points over the secondary market benchmark and 1 bp higher than the yield at the previous auction of the bills two weeks earlier.

The average 12-month auction yield rose for the first time since June 27, when it reached 0.24%.

The ÁKK auctions 12-month bills bi-weekly. It offers the bills together with floating-rate bonds at every third auction.

ADVERTISEMENT

Purchasing Managers' Index rises Analysis

Purchasing Managers' Index rises

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

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.