The average yield on Hungary’s 12-month discount Treasury Bill has dropped sharply at the Government Debt Management Agency’s (ÁKK) biweekly auction on Wednesday. The 0.12% average yield is a new all-time low. In the meantime, the issuer allotted a bigger volume of the 5-year floating-rate bond than it has planned to.
The ÁKK has received HUF 48.4 bn worth of bids from primary dealers on a HUF 20 bn lot of 12-m T-bills today. The average yield dropped 10 basis points to 0.12%, which marks a new all-time low.
A HUF 5 bn lot of 5-yr floating-rate bonds attracted HUF 17 bn in bids, of which the ÁKK accepted HUF 6 bn.
