ADVERTISEMENT

ÁKK sells planned volume of three-month bills, yields rise

Debt

The Government Debt Management Agency (ÁKK) sold the planned HUF 40 bln of discount three-month T-bills at auction on today, demand remained subdued and yields rose further, Hungarian news agency MTI reported.

Primary dealers bid for HUF 45.3 bln of the papers expiring on June 22. The auction was the fourth one in a row with moderate oversubscription. At the previous auction on March 8 ÁKK cut its sales compared to plans.

Average yield was 1.26%, 21 bps over the secondary market benchmark, calculated on a bill expiring on August 3, and 14 bps over the yield at the previous auction.

Auction yields rose now for the third auction.

ADVERTISEMENT

Purchasing Managers' Index rises Analysis

Purchasing Managers' Index rises

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

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.