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The US treasury market reaches breaking point

The US treasury market reaches breaking point

The structural issue that could cause the world's market of last resort to grind to a halt

No. 6: If you don’t give it to me you’ll only lend it to someone else and look where that got us

Wednesday, May 14, 2008

Yields on government T-bills continue mild upward trend.





Yields on government T-bills continue mild upward trend. Yields at the latest auction for government 3-month T-bills inched up on relatively weak demand, the State Debt Management Agency (AKK) informed. Bids amounted to HUF 68.7bn translating into a coverage ratio against supply of 1.7. The AKK floated HUF 40bn of securities, which was in line with the originally offered volume. The average yield at the auction stood at 8.47%, rising by 4bps from the secondary market benchmark rate and by 2bps from the average yield, achieved on the previous auction one week ago.







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