- 6 Sep 2017 9:00 AM
At a Tuesday auction, the Hungarian Government Debt Management Agency sold Discount Treasury Bills of HUF 15bn (EUR 50 million) at a yield of -0.02 percent, an historic low.
The minimum, maximum and average yields of the bids were all negative, while the offered bonds were three times oversubscribed.
As the Minister emphasised, the Hungarian state budget was stable and sound, the debt-to-GDP ratio was declining steadily, and the share of state securities held by non-residents was also falling.
Negative yields seen at the latest action are expected to persist.
Source: Ministry for National Economy