Primary dealers bid for HUF 45.3 bln of the papers expiring on June 22. The auction was the fourth one in a row with moderate oversubscription. At the previous auction on March 8 ÁKK cut its sales compared to plans.
Average yield was 1.26%, 21 bps over the secondary market benchmark, calculated on a bill expiring on August 3, and 14 bps over the yield at the previous auction.
Auction yields rose now for the third auction.
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