Economy
Hungary debt manager unyielding despite massive demand
The ÁKK has received HUF 132.8 billion worth of bids on a HUF 40 bn lot of 3-m T-bills today, which marks the highest demand since April 2016. All the same, the ÁKK allotted only the original amount on offer. The average yield was set to -0.01%, down 3 basis points compared to the previous auction of this instrument a week ago and unchanged compared to yesterday’s benchmark fixing on the secondary market. After mid-December, the average yield has slumped back to negative territory.
