ÁKK cuts offer on weak demand at 3-month T-bill auction
The Government Debt Management Agency (ÁKK) sold HUF 6.5 billion of discount 3-month T-bills at auction on Tuesday, cutting its original HUF 15 billion offer because of weak demand, state news wire MTI reports.
Primary dealers bid for just HUF 14.6 bln of the securities.
The average yield was 0.46%, 1 bp under the secondary market benchmark but 14 bp over the yield at the previous auction of the bills one week earlier.
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.