Twelve-month T-bill sales nearly halved on low demand
Hungaryʼs Government Debt Management Agency (ÁKK) sharply cut its offer for discount twelve-month T-bills on low demand at an auction today, Hungarian news agency MTI reported.
ÁKK sold just HUF 21.0 bln of the bills, compared to a planned HUF 40.0 bln.
Primary dealers bid for HUF 31.1 bln of the papers.
Average yield was 0.99%, 12 bps over the secondary market benchmark and 5 bps higher than the yield at the previous auction of the bills two week earlier.
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.