ÁKK sells planned volume of three-month T-bills, yields flat
The Government Debt Management Agency (ÁKK) sold the announced HUF 50 bln of discount three-month T-bills at auction today, Hungarian news agency MTI reported. The average yield remained unchanged now for the third auction in a row.
Primary dealers bid for HUF 72.1 bln of the papers which expire on December 30.
At the previous auction on September 16 ÁKK raised its sale by HUF 10 bln to HUF 60 bln after receiving bids for HUF 86.1 bln.
Average yield was 1.38%, up 3bp from the secondary market benchmark, calculated on a bill expiring three weeks later, and unchanged from the yield at the two previous auctions. The range of accepted yields moved slightly up, to between 1.35% and 1.41%.
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.