Economy
Hungary sells HUF 40 bn 12-m bills, yield shoots up
The 2.35x bid/cover ratio compares with 2.75x at an auction of the instrument two weeks ago.
The bills were sold at an average yield of 8.84%, 14 basis points up from Wednesday's benchmark fixing (D070314) and 48 bps higher than at the auction of the bills two weeks ago.
Accepted bids ranged between 8.70% and 8.88%.
The bills were sold at an average yield of 8.84%, 14 basis points up from Wednesday's benchmark fixing (D070314) and 48 bps higher than at the auction of the bills two weeks ago.
Accepted bids ranged between 8.70% and 8.88%.
