The ÁKK sold HUF 15 bln of ten-year bonds, raising its offer after primary dealers bid for HUF 63.3 bln of the securities. The average yield was 3.57%, 2 bps under the secondary market benchmark but 14 bps over the yield at the previous auction of the bonds four weeks earlier.
The ÁKK sold HUF 18 bln of three-year bonds, as planned. Bids came to HUF 34.2 bln. The average yield was 1.56%, 2 bps over the benchmark and 16 bps higher than the yield at the previous auction two weeks earlier.
The ÁKK sold HUF 15 bln of five-year bonds, in line with the original offer. Bids reached HUF 33.6 bln. The average yield was 2.22%, level with the benchmark but 13 bps over the yield at the previous auction two weeks earlier.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
