ÁKK sells HUF 30 bln of 3-month T-bills, as planned
The Government Debt Management Agency (ÁKK) sold HUF 30 billion of discount three-month T-bills at auction on Tuesday, in line with the original offer. Yields rose, according to a report by state news wire MTI.
Primary dealers bid for HUF 52.7 bln of the securities which expire on May 6.
The average yield was 0.05%, 3 bp over both of the secondary market benchmark calculated on a bill expiring one week earlier, and the average yield at the previous auction of the bills one week earlier.
The average three-month auction yield was the highest since the middle of last June. The yields shifted into positive territory at the first auction of the year.
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.