ÁKK raises sale of three-month bills at auction
The Government Debt Management Agency (ÁKK) sold HUF 50 bln of discount three-month T-bills at auction today, raising its original offer by HUF 10 bln on continued strong demand by primary dealers, Hungarian news agency MTI reported.
Yields dropped from the previous auction but were over the secondary market benchmark. Bids came to HUF 91.9 bln.
Demand has been high and ÁKK has sold more bills than planned for the third auction in a row.
Average yield of the papers expiring on July 13 was 1.09%, 9 bps over the secondary market benchmark, calculated on a bill expiring three weeks later, and 1 bps lower than the yield at the previous auction of the bills one week earlier.
Yields fell after peaking at 1.27% on March 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.