ÁKK sells HUF 60 bln of three-month bills, more than planned
Hungaryʼs Government Debt Management Agency (ÁKK) sold HUF 40 bln of discount three-month T-bills at auction on today, raising its original offer by HUF 20 bln, Hungarian news agency MTI reported. Demand jumped and yields dropped slightly further.
Primary dealers bid for HUF 117.3 bln of the papers expiring on October 5.
Average yield was 0.83%, 2 bps under the secondary market benchmark, calculated on bills expiring one week earlier, and 2 bps under the yield at the previous auction of the bills on June 21.
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.