Hungary’s Government Debt Management Agency (ÁKK) allotted 56 billion forints worth of 3-month discount Treasury Bills at its weekly auction on Tuesday instead of the planned HUF 50 bn. The average yield remains negative, i.e. investors are paying for Hungary to be able to buy Hungarian debt.
The ÁKK has received HUF 89.9 bn worth of bids from primary dealers on a HUF 50 bn lot of 3-m T-bills today, of which the issuer accepted HUF 56 bn. The average yield was set to -0.06%, the same as a week ago.