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ÁKK sells HUF 30 bln of 3-month T-bills at auction, as planned

The Government Debt Management Agency (ÁKK) sold HUF 30 billion of discount three-month T-bills at auction on Tuesday, in line with the original offer, according to a report by state news wire MTI.

Primary dealers bid for HUF 52 bln of the securities.

The average yield was 0.75%, 3 bp over the secondary market benchmark, which matures more than one month later, but 4 bp under the yield at the previous auction of the bills one week earlier.