The Government Debt Management Agency (ÁKK) said it will offer HUF 50 billion of discount “liquidity” T-bills at an auction on February 14, Monday.
ÁKK will reoffer bills expiring on March 30 at the auction.
The offer is unchanged from the last auction on February 7 where ÁKK sold the announced HUF 50 billion bills maturing on March 23 at an average yield of 5.98% in more than two-fold oversubscription. Both demand and yields rose from the previous auction held on January 24.
The three-month secondary market benchmark yield, calculated on a bill series due on June 1, was 5.85% on Tuesday.
ÁKK auctions liquidity bills, of about six weeks to maturity on a case by case basis, depending on liquidity management considerations. (MTI – Econews)