Economy
Hungary lifts 6-week bill auction, market sees no rate cut in June yet
The average yield was set to 7.95% at a base rate of 8.00%, which indicates that the majority of investors do not expect the central bank (NBH) to make up for the “delay" in rate cuts (hold decision in May) and start its easing cycle on 25 June. Comments following the May policy meeting hinted that the majority of analysts expect the rate cut cycle to be restarted in July.
The ÁKK is set to hold auctions of 3-m T-bills on Tuesday and offer for sale 5-year and 10-year bonds on Thursday. The offered amounts are HUF 40 bn, HUF 45 bn and HUF 40 bn, respectively.
The ÁKK is set to hold auctions of 3-m T-bills on Tuesday and offer for sale 5-year and 10-year bonds on Thursday. The offered amounts are HUF 40 bn, HUF 45 bn and HUF 40 bn, respectively.
