ÁKK raises six-week T-bill offer on strong demand

Debt

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.

ADVERTISEMENT

Hungarians Want to Live to 96 Analysis

Hungarians Want to Live to 96

Parl't approves 2023 budget Parliament

Parl't approves 2023 budget

Wizz Air Malta Names Managing Director Appointments

Wizz Air Malta Names Managing Director

Muni Council Organizing Meeting to Improve Air Quality City

Muni Council Organizing Meeting to Improve Air Quality

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.