By the end of February, government securities held by non-profit institutions serving households jumped unprecedentedly – writes Mfor. You do not know what kind of organization you are buying, but it is likely to be the same as the one that caused a similar trend at the beginning of last year.
A similar phenomenon was seen earlier in the fall of 2014, then the Pallas Foundation of the National Bank of Hungary began to purchase large-scale government securities for the public, which raised the suspicion of illicit monetary financing. Since May, 2016, the foundations have not bought government bonds because of the reallocation of their portfolio, but potential potential buyers, besides them, may be terribly few in this category. Nonetheless, government securities held by non-profit institutions are still growing according to the statistics of the National Bank of Hungary.
Growth in specimens was also spectacular at the beginning of 2017, totaling HUF 101.8 billion. The mysterious buyer (or buyer) was briefly short of papers with a maturity of up to one year. The big batch players returned a year later,
IN JANUARY 101.6 BILLION, FEBRUARY PEDIGNS AT 25.2 MILLION BREAKS WERE INCREASED BY STOCK,
which was essentially entirely a result of transactional transactions, only 300 million from the revaluation. By the end of February, therefore, a total of 350 billion forints of government securities owned by one or more mysterious nonprofit organizations amounted to 223.7 billion at the end of last year. Longer-term papers had a greater role in the new shopping, with a portfolio of 77.3 billion, and those with a maturity of over one year rose by 59 billion.
Even if more buyers have combined this brutal growth, the amount significantly narrows the scope of potential buyers. According to Mfor’s speculations, churches can be behind the question of exclusion, but public accounts can not be reached in their case.