ÁKK sells announced amount of three-month T-bills, yields drop

Debt

The Government Debt Management Agency (ÁKK) sold the announced HUF 50 billion of three-month discount T-bills at auction on Tuesday. Oversubscription was moderate but auction yields still dropped both from a week earlier and were also down from the latest secondary market benchmark. Primary dealers bid to buy HUF 85.5 billion of the bills expiring on July 31. Demand fell from HUF 99.6 billion at the previous auction on April 16when ÁKK also sold the announced HUF 50 billion. Average yield was 4.26%, 10bp under the secondary market benchmark, calculated on a bill expiring one week earlier, and 8bp lower than the yield at the previous auction of the bills. Yields ranged between 4.10% and 4.32%.

Value of Bank Card Payments Climbs 8% in Q1 Banking

Value of Bank Card Payments Climbs 8% in Q1

Hungary Ready to Act as Intermediary With Russia - Szijjártó Int’l Relations

Hungary Ready to Act as Intermediary With Russia - Szijjártó

Continental Veszprém Plant Manager Looks to Transform Challe... Interview

Continental Veszprém Plant Manager Looks to Transform Challe...

Summer Camp Prices Have Increased 10-15% Tourism

Summer Camp Prices Have Increased 10-15%

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.