AKK raises sale, yields rise slightly at twelve-month T-bill auction

Debt

The Government Debt Management Agency (AKK) raised its offer for discount twelve-month T-bills as demand was more than two-fold at an auction on Thursday. Yields rose slightly.

AKK sold HUF 55 billion of the bills, raising its original offer by HUF 10 billion. Subscription totaled HUF 107.1 billion, dropped from HUF 133.3 billion bids at the previous auction held on March 1.

At the previous auction, AKK sold HUF 60 billion of the bills, raising its original offer by HUF 15 billion on the strong demand.

Average yield at the auction was 7.47%, 2bp over the secondary market benchmark and 1bp higher than the yield at the previous auction of the bills two weeks earlier. Yields ranged between 7.40% and 7.50%.

Hungary Gasoline Prices 3% Over Regional Avg Energy Trade

Hungary Gasoline Prices 3% Over Regional Avg

Gov't Wants Sustainable Business Model for Magyar Posta Government

Gov't Wants Sustainable Business Model for Magyar Posta

120,000 Guest Workers Employed in Hungary HR

120,000 Guest Workers Employed in Hungary

Budapest Airport Wins 'Best Airport in Eastern Europe' for 1... Awards

Budapest Airport Wins 'Best Airport in Eastern Europe' for 1...

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.