ÁKK Sells HUF 6.5 bln of 3-month T-bills at Auction, Under Plan

Figures

pixabay

The Government Debt Management Agency (ÁKK) sold HUF 6.5 bln of discount three-month T-bills at auction on Tuesday, well under the HUF 15 billion plan, according to a report by state news wire MTI.

Primary dealers bid for just HUF 6.9 bln of the securities, hours ahead of an announcement by rate-setters after a monthly policy meeting.

The average yield was 7.49%, 66 bp over the secondary market benchmark yield but 2 bp under the yield at the previous auction of the bills one week earlier. 

ADVERTISEMENT

Hungary PMI Rises to 52.2 in February Analysis

Hungary PMI Rises to 52.2 in February

Hungary Makes Proposals to Ease Administrative Burden for EU... EU

Hungary Makes Proposals to Ease Administrative Burden for EU...

Colette Matz Named New Country President of Novartis Hungary Appointments

Colette Matz Named New Country President of Novartis Hungary

Investors of the Year in Limelight at Hipa’s Award Ceremony Awards

Investors of the Year in Limelight at Hipa’s Award Ceremony

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.