Hungary's state debt manager AKK sold HUF 50bn (EUR 167.1mn) of three-month discount Treasury bills at an auction on July 31, in line with the initial offer, AKK said.
Investors submitted bids worth HUF 82.9bn providing a relatively weak coverage ratio over the original supply. Demand dropped from HUF 134bn at the previous auction held a week earlier, when AKK raised the announced volume of by HUF 10bn.
The average yield at the latest auction reached 3.97%, down by 5bps from the previous tender but 4bps over the secondary benchmark fixing. The range of yields widened and varied between 3.90% and 4.05%.
Related Articles
UniCredit sees modest growth and fiscal overshoot for Hungary in 2024
Hungary’s economic rebound will be modest this year, around 2%, and the return to potential growth is set to be postponed to 2025 with GDP expanding around 3.2%, according to UniCredit bank's ... more
Intesa Sanpaolo’s Hungarian unit closes record year in 2023
CIB realised a record HUF64bn (€160mn) in after-tax profit, up from HUF36.1bn a year ago, which translates to a robust 21.5% ROE, the Hungarian unit of Intesa Sanpaolo said on March 26. ... more
Most Read
-
Ukraine's birth rate plummets to 300-year low as country’s population collapses
1 day ago
-
AI and cybersecurity to drive CEE tech sector
18 hours ago
-
US senators seek closer ties with Western Balkans to combat Russia's 'malign influence'
18 hours ago
-
Fresh evidence suggests that the April 2022 Istanbul peace deal to end the war in Ukraine was stillborn
1 day ago
-
Russia’s $13.4bn current account surplus in March second highest since 2007
1 day ago
-
Iran vs Israel: Who is better equipped for war?
5 days ago
-
Saudi Arabia to scale back plans for Neom city
8 days ago
-
BREAKING: Iraq, Syria and Jordan close airspace amid Iranian strike on Israel
5 days ago
-
PANNIER: Caspian military drills that exclude Russia and Iran have some people in Moscow asking questions
6 days ago
-
Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
5 months ago
-
Russia could pay off its entire external debt tomorrow, in cash
19 days ago
-
Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
23 days ago
-
Albanians campaign on social media to keep bus bridge created in freak accident
1 year ago
-
UBN: Russia could take the Baltic states in 48 hours
28 days ago
-
BRICS announce a blockchain-based payment system to create a common currency
21 days ago