ADVERTISEMENT

ÁKK sells HUF 40 bln of 3-month T-bills, yield back up to zero

Debt

The Government Debt Management Agency (ÁKK) sold HUF 40 billion of discount three-month T-bills at auction on Tuesday, as originally planned. Demand was more than double the raised offer, but yields rose back to zero for the first time since the end of August, according to state news wire MTI.   

The auction offer was raised to HUF 40 bln from HUF 25 bln at the previous auction last week, when the debt manager raised the offer from the HUF 15 bln it had been offering since June 13.

Primary dealers bid for HUF 88.6 bln of the securities expiring on February 7, 2018.

The average yield was 0.00%, 4 basis points over the secondary market benchmark and 1 bp over the yield at the previous auction of the bills one week earlier.

The average three-month auction yield reached zero for the first time since dipping into negative territory on September 5.

ADVERTISEMENT

Rate-setters augur slower decline in CPI in 2022 Analysis

Rate-setters augur slower decline in CPI in 2022

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.