Hungary’s Government Debt Management Agency (ÁKK) has allotted 25 billion forint worth of 12-month discount Treasury Bills on Thursday, as planned, whereas a HUF 8 bn lot of 3-year floating-rate bond attracted large enough bids for the debt manager to sell HUF 12 bn of the instrument.
The ÁKK has received HUF 54.5 bn worth of bids from primary dealers on a HUF 25 bn lot of 12-m bills at its biweekly auction on Thursday, and it has allotted the amount it originally intended to sell. The average yield was set to 0.53%, down 19 basis points compared to a fortnight ago and 7 bps below Wednesday’s secondary market benchmark fixing.
The debt manager has also offered for sale 3-year floating-rate bonds. The HUF 8 bn lot on offer attracted an outstanding amount of bids (HUF 58.2 bn), as a response to which the issuer raised the allotted amount to the legal maximum of HUF 12 bn.
Charting is displayed using TradingView's technology, a platform, where you can build advanced charts,
spot upcoming trends in the stock screener, and find inspiration in multiple trading ideas
