ÁKK sells HUF 40 bln of three-month T-bills, yield rises
The Government Debt Management Agency (ÁKK) sold the originally planned HUF 40 billion of discount three-month T-bills at auction on Tuesday. Subscription was more than 150% of the offer but the average yield still rose further, reaching positive territory for the first time since early August.
Primary dealers bid for HUF 64.5 bln of the securities expiring on February 14, 2018, state news wire MTI reported.
The average yield was 0.01%, 5 basis points over the secondary market benchmark, calculated on a bill expiring two weeks later, and 1 bp over the yield at the previous auction of the bills one week earlier.
The average yield has been negative or zero in the past three months.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.