ÁKK raises six-week T-bill offer on strong demand
The State Debt Management Center (ÁKK) sold Ft 40 billion of six-week T-bills at auction on Monday, raising the original offer by Ft 10 billion after receiving bids for Ft 137 billion.
Average yield at the auction was 8.08%, 7bp under Friday's three-month secondary market benchmark and 5bp lower than the yield at the previous auction of the bills one month earlier. Yields varied between 7.8% and 8.1%. On the secondary market for government securities, yields fell 3-5bp.
The forint strengthened markedly from 261 to the euro at the start of the session to 259 around noon.
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