Yields were steady at an auction of three-month discount T-bills by the Government Debt Management Agency (AKK) on Tuesday.
AKK sold HUF 50 billion of the bills, the announced amount. Offers came to HUF 134.6 billion.
Average yield was 5.96%, 1bp over the secondary market benchmark, which matures about a month later than the bill, but 2 bp under the yield at the previous auction one week earlier.
Yields ranged between 5.90% and 5.98%.
Producing journalism that is worthy of the name is a costly business. For over 30 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.
