ÁKK sells planned HUF 15 bln of three-month T-bills
The Government Debt Management Agency (ÁKK) sold HUF 15 billion of discount three-month T-bills at auction on Tuesday, in line with the original offer. The yield stayed at 0%, state news wire MTI reported.
Primary dealers bid for HUF 28.0 bln of the papers expiring on December 6. The average yield remained at 0.00%, at the record low reached a week earlier. The minimum and the maximum yield was also 0.00%. Similarly to last week, the average yield was 5 bps under the yield on the secondary market benchmark.
The minimum yield on the three-month T-bill fell as low as -0.01% at two auctions this year, in March and August, MTI noted.
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.