Yields down at liquidity T-bill auction

Debt

Hungary's Government Debt Management Agency (AKK) sold the announced amount of six-week "liquidity" T-bills as subscription remained little more than one-and-half times of the offer at an auction on Monday. Yields edged down.

AKK sold HUF 50 billion of the bills expiring on April 25, the announced amount. Primary dealers bid for HUF 79.0 billion, practically unchanged from HUF 80.2 billion at the previous liquidity auction on February 20.

Average yield was 7.11%, 3bp under the yield at the previous auction of liquidity bills two weeks earlier and 2bp lower than Friday's three-month secondary market benchmark yield, calculated on a bill series expiring on June 27. The range of accepted yields widened to between 6.99% and 7.18%.

AKK auctions these shortest-term bills on a case by case basis, depending on the liquidity requirements of the central government.

ADVERTISEMENT

Business, consumer confidence improves - Századvég Analysis

Business, consumer confidence improves - Századvég

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.