The average yield on Hungary’s 12-month discount Treasury Bill has dropped further at the Government Debt Management Agency’s (ÁKK) biweekly auction on Thursday, where the issuer allotted a 20 billion forint lot of the instrument. This yield is now also one step closer to 0%.
The ÁKK has received HUF 52.9 bn worth of bids from primary dealers on a HUF 20 bn lot of 12-m bills today. The average yield on the HUF 20 bn worth of 12-m T-bills allotted today was set to 0.27%, down 12 bps compared to the average yield a fortnight ago and 3 bps below yesterday’s benchmark fixing on the secondary market.
