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ÁKK sells HUF 20 bln of 3-month T-bills at auction, as planned

The Government Debt Management Agency (ÁKK) sold HUF 20 billion of discount three-month T-bills at auction on Tuesday, in line with plans, state news wire MTI reports.

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Primary dealers submitted bids for HUF 30 bln of the securities that expire on November 4.

The average yield was 0.28%, 1 under the secondary market benchmark but 1 bp over the yield at the previous auction of the bills one week earlier.