ÁKK sells planned volume of 3-month bills at rising yield

Debt

The Government Debt Management Agency (ÁKK) sold HUF 20 billion of discount three-month T-bills at auction today, in line with the original offer, Hungarian news agency MTI reported.

The average auction yield rose slightly, although it was below Fridayʼs secondary market benchmark.

Primary dealers bid for HUF 31.1 bln of the papers that expire on September 13. Demand fell slightly from a week earlier.

The average yield was 0.04%, 1 bp under the secondary market benchmark, calculated on the same bill series, and 1 bp over the average yield at the previous auction of the bills one week earlier.

ADVERTISEMENT

Corvinus University, OTP Launch Joint Mentoring Program Banking

Corvinus University, OTP Launch Joint Mentoring Program

Lawmakers Could Ratify Sweden's NATO Accession on Feb 26 Int’l Relations

Lawmakers Could Ratify Sweden's NATO Accession on Feb 26

DVM Group Strengthens With 2 New Directors Appointments

DVM Group Strengthens With 2 New Directors

Number of Chinese Tourists in Hungary Quadruples From Pre-CO... Tourism

Number of Chinese Tourists in Hungary Quadruples From Pre-CO...

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.