ÁKK raises sales, yields drop at twelve-month T-bill auction

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The Government Debt Management Agency (ÁKK) sold HUF 65 billion twelve-month discount T-bills at an auction on Thursday, raising its offer on strong demand. Yields fell. ÁKK sold HUF 65 billion of the bills expiring on January 8, 2014, HUF 15 billion more than planned as primary dealers bid to buy HUF 143.7 billion of the bills. Demand rose further from the previous auction two weeks earlier when ÁKK raised its sales by HUF 10 billion to HUF 60 billion after receiving bids for almost HUF 125 billion of the bills.

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