ÁKK sells HUF 17 bln of three-month bills, again under plan
The Government Debt Mangement Agency (ÁKK) sold HUF 17 bln of discount three-month T-bills at auction on Tuesday, cutting its original offer by HUF 3 bln on weak demand. Yields rose.
Primary dealers bid for just HUF 26.1 bln of the papers.
This was the second auction of three-month bills in a row where bids only slightly exceeded the offer, prompting the debt manager to sell fewer papers than planned.
Average yield was 0.54%, 4 bps over the secondary market benchmark and 11 bps over the yield at the previous auction of the bills one week earlier. Yields varied between 0.44% and 0.58%.
ADVERTISEMENT
Karotin Developing Soil Management System in HUF 545 mln R&D...
Parliament Negates Mandatory Membership in MOK
Graphisoft Introduces Archicad Collaborate
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.
