ÁKK raises offer at twelve-month T-bill auction
The Government Debt Management Agency (ÁKK) raised its offer for discount twelve-month T-bills on strong demand at an auction on Thursday.
ÁKK sold HUF 70 bln of the bills, raising its original offer by HUF 10 bln after primary dealers submitted bids for HUF 125.5 bln. Average yield was 2.37%, 6bp over the secondary market benchmark but 5bp under the yield at the previous auction of the papers two weeks earlier. Yields ranged between 2.30% and 2.39%.
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.