Hungary’s Government Debt Management Agency (ÁKK) allotted HUF 40 billion worth of 3-month discount Treasury Bills at its weekly auction on Tuesday, as planned. The average yield is back in positive territory. These suggest that the state remains short of funding.
The ÁKK has received HUF 64.5 billion worth of bids from primary dealers on a HUF 40 bn lot of 3-m T-bills today, and allotted the amount it originally intended to. The average yield was set to 0.01%, which is the first time we see a positive yield since mid-August. Accepted yields ranged between 0.0% and 0.02%, i.e. the minimum accepted yield was also out of negative territory, which also has not occurred since August.
