Primary dealers bid for HUF 65.31 bln of the papers. The average yield was 0.01%, 4 basis points over the three-month secondary market benchmark and level with the average yield at the previous liquidity auction held a week earlier.
The liquidity discount T-bills are designed to manage the central governmentʼs short-term liquidity needs, and, accordingly, are auctioned on a case-by-case basis.
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