ÁKK sells HUF 30 bln of three-month bills, as planned
The Government Debt Management Agency (ÁKK) sold HUF 30 bln of discount three-month Treasury bills at an auction on Tuesday, in line with the original offer. Primary dealers bid for HUF 77.7 bln of the papers which expire on March 11, 2015.
Demand was down from HUF 97.5 bln at the previous auction where ÁKK also sold the announced HUF 30 bln of the bills.
Average yield was 1.58%, 3bp under the secondary market benchmark, calculated on a paper expiring on April 1 next year, and down 4bp from the yield at the previous auction of the securities one week earlier. Yields ranged between 1.55% and 1.60%.
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.