ÁKK sticks to offer despite strong demand for 3-month T-bills
The Government Debt Management Agency (ÁKK) sold HUF 20 bln of discount three-month T-bills at auction on Tuesday, in line with the original offer. Yields dropped.
Primary dealers bid for HUF 66.4 bln of the papers that expire on February 1, 2017.
The average yield was 0.37%, 8 bps under the secondary market benchmark, calculated on a bill series expiring on March 16, and 2 bps lower than the yield at the previous auction of the bills one week earlier.
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