ÁKK sells announced amount of three-month T-bills on double oversubscription
The state debt management agency ÁKK sold HUF 50 billion of three-month discount T-bills at auction on Tuesday, in line with the announced amount in spite of double oversubscription. Primary dealers bid to buy HUF 99.6 billion of the bills. Average yield was 4.34%, 11bp under the secondary market benchmark and 10bp lower than the yield at the previous auction of the bills one week earlier. Yields ranged between 4.27% and 4.40%.
ADVERTISEMENT
Századvég Puts 2023 GDP Growth at 0.6%
Parliament Negates Mandatory Membership in MOK
MNB Grants License to Local iBanFirst Fintech Branch
Meet the Expat CEO of the Year Nominees
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.
