ÁKK sells planned volume of three-month T-bills at auction
Hungary’s Government Debt Management Agency (ÁKK) sold the planned HUF 30 billion of three-month discount T-bills at auction today, Hungarian news agency MTI reported.
Yields dropped further from the previous auction held one week earlier, but still remained well over the secondary market. Primary dealers bid for HUF 71.9 bln of the securities, which expire on April 26.
Average yield was 0.10%, 4 basis points over the secondary market benchmark, calculated on a bill expiring four weeks later, while down 4 bp from the yield at the January 10 auction.
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.