ÁKK sells announced volume at 3-month auction
The Government Debt Management Agency (ÁKK) sold the announced volume of discount three-month T-bills at an auction on Tuesday. Oversubscription remained moderate, and yields fell slightly from the previous auction but were over Monday's benchmark.
ÁKK received HUF 71.1 billion bids for the bills expiring on November 28, of which it accepted HUF 45 billion, the announced volume. Subscriptions only moderately rose from HUF 64.1 billion at the previous auction a week earlier where ÁKK sold the announced HUF 45 billion of the bills.
Average yield was 6.85%, 3 basis point over the secondary market benchmark, calculated on a bill series expiring on December 12, and 2bp under the yield at the previous auction of the bills one week earlier. Yields ranged between 6.82% and 6.89%.
ADVERTISEMENT
Mapei Targets 6% Higher Revenue This Year
Parliament Negates Mandatory Membership in MOK
Magyar Suzuki to Start Dual Training Courses
Budapest Leaders Unveil Plans to Scale Back Traffic on Thoro...
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.
