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ÁKK raises offer for three-month T-bills

The State Debt Management Centre (ÁKK) sold Ft 35 billion of three-month T-bills at auction on Tuesday, Ft 5 billion more than planned, after receiving offers for Ft 85.89 billion. Average yield at the auction was 5.74%, 11bp higher than Monday's secondary market benchmark but 11bp less than the yield at the last auction of the bills a week earlier, at which ÁKK also raised its offer by Ft 5 billion.