ÁKK cuts offer on weak demand at "liquidity" bill auction
The Government Debt Management Agency (ÁKK) cut its offer on weak demand at an auction of eight-week "liquidity" T-bills on Monday.
ÁKK sold HUF 45 billion of the bills, HUF 5 billion less than planned. Primary dealers submitted bids for HUF 59.7 billion.
Average yield at the auction was 6.36%, 20bp over the three-month secondary market benchmark but 5bp under the yield at the previous auction of the bills one week earlier. Yields ranged between 6.24% and 6.41%.
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.