The Government Debt Management Agency (ÁKK) cut its offer of twelve-month discount T-bills on low demand at an auction on Thursday.
ÁKK sold HUF 30bn of the bills, reducing its original offer by HUF 40bn after primary dealers submitted bid of just HUF 50.2bn.
Average yield was 6.22%, 17bp over the secondary market benchmark and 15bp higher than the yield at the previous auction of the bills two weeks earlier. Yields ranged between 6.10% and 6.28%.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
