ÁKK cuts offer at three-month T-bill auction on weak demand
The Government Debt Management Agency (ÁKK) cut its offer on weak demand at an auction of discount three-month bills on Tuesday. ÁKK sold HUF 40 billion of the bills, reducing its original offer by HUF 10 billion after primary dealers bid for just HUF 56.1 billion. Average yield was 4.27%, 6bp over the secondary market benchmark, which matures about a month later, and 1bp higher than the yield at the previous auction of the bills one week earlier. Yields ranged between 4.19% and 4.30%.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.