ADVERTISEMENT

Demand high, yields drop at 3-month T-bill auction

Debt

Yields dropped as the Government Debt Management Agency (ÁKK) accepted the pre-announced volume despite large oversubscription at an auction of discount three-month T-bills today.

ÁKK sold HUF 40 bln of the bills expirin on October 15, as planned. Primary dealers submitted bids for HUF 200.4 bln.

The debt manager sold the announced HUF 60 bln bills at the previous auction on July 1 when demand totalled HUF 217.9 bln.

ÁKK cut its auction offer to HUF 40 bln after offering HUF 60 bln three-month bills at the weekly auctions between January 21 and July 1.

Average yield was 2.11%, 7bp under the secondary market benchmark and 8bp lower than the yield at the previous auction of the bills one week earlier. Yields ranged between 2.08% and 2.12%.

ADVERTISEMENT

Digitization, sustainability among characteristics of future... Analysis

Digitization, sustainability among characteristics of future...

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

Transformation Delineation - Microsoft country general manag... Podcasts

Transformation Delineation - Microsoft country general manag...

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.