Primary dealers bid for HUF 61.9 bln of the securities that expire on October 16. The average yield was 0.00%, 9 basis points under the secondary market benchmark, calculated for a bill expiring five weeks later, and 2 bps lower than the yield at the previous auction of the bills one week earlier.
The last auction when the average three-month yield was zero was April 30. The yield hovered between 0.00% and 0.01% between early March and the end of April, rising to peak at 0.08% on May 29, before falling again thereafter, MTI recalled.
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