Economy

Average yield on Hungary's 12-m T-bill drops at auction

November 29, 2018, 12:45 pm  english version Hungarian version  
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Hungary’s Government Debt Management Agency (ÁKK) received 55.4 billion forint worth of bids from primary dealers on a HUF 30 bn lot of 12-month discount Treasury Bills at its biweekly auction on Thursday, but it decided not to allot more of the instrument than it planned to.


Accepted yields were in a range between 0.28% and 0.37%, averaging 0.33%, which is 3 basis points lower than at the previous auction of the instrument a fortnight ago.


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