Yields drop below 0.1% at three-month bill auction
Hungary’s Government Debt Management Agency (ÁKK) sold HUF 20 billion of discount three-month T-bills at auction today, in line with the original offer, Hungarian news agency MTI reported.
Demand fell from a week earlier but was still more than double the offer, and the average yield fell sharply further, to a new all-time low, of 0.06%. Primary dealers bid for HUF 44.9 bln of the securities expiring on March 29, 2017.
Average yield was 0.06%, 9 bps under the secondary market benchmark, calculated on a bill series expiring on May 24 next year, and 6 bps under the average yield at the previous auction of the bills on December 6.
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.