Hungary’s Government Debt Management Agency (ÁKK) allotted 44 billion forints worth of 3-month discount Treasury Bills at its weekly auction on Tuesday instead of the planned HUF 40 bn. Demand for the instrument was outstanding, while the average yield remains negative.
The ÁKK has received a whopping HUF 130.2 bn in bids from primary dealers on a HUF 40 bn lot of 3-m T-bills today, which marks the largest demand since July. In response, the issuer allotted HUF 44 bn of the instrument. The average yield was set to -0.07%, unchanged from a week ago.