ÁKK sells planned HUF 20 bln of three-month bills, yield drops
Hungary’s Government Debt Management Agency (ÁKK) sold HUF 20 bln of discount three-month T-bills at an auction today, in line with the original offer, Hungarian news agency MTI reported. Demand was high and yields fell.
Primary dealers bid for HUF 69.4 bln of the securities expiring on March 16, 2017.
Average yield was 0.20%, 5 bps under both the secondary market benchmark, calculated on the same bill series, and the yield at the previous auction of the bills one week earlier.
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.