ÁKK attributes undersubscribed T-bill auction to low yield, not CHF
Thursday's FX market shock has not affected confidence in Hungarian government securities, and an undersubscribed T-bill auction reflected rather the steadily low short-term yields than the FX market turbulence, the Government Debt Management Agency (ÁKK) said in a statement yesterday.
ÁKK sold HUF 33 bln 12-month discount T-bills instead of the originally offered HUF 60 bln in the light of poor demand and widely varying yields.
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