ÁKK sells HUF 50 bln of three-month bills at auction, over plan
The Government Debt Management Agency (ÁKK) sold HUF 50 bln of discount three-month T-bills at auction today, raising its original offer by HUF 10 bln, Hungarian news agency MTI reported.
Bids came to HUF 75.4 bln for the papers expiring on August 17. Demand was slightly up from HUF 72.8 bln at the previous auction held a week earlier.
Average yield was 0.98%, unchanged from the previous auction of the bills while up 6bp from the secondary market benchmark calculated on a bill series expiring on September 28.
The debt manager has been selling three-month bills over the HUF 40 bln original plan every week since March 22 when the average yield rose to 1.27% before a renewed drop started.
ADVERTISEMENT
Bourse's CSD Lifts H1 Earnings
V4 Agri Officials: WTO Case Over Grain Bans 'Unfortunate'
Gebrüder Weiss Doubles Its Electric Fleet
Budapest Muni Council Clears Rác Baths Renovation
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.
