ÁKK auctions HUF 25 bln of 3-month T-bills, as planned

Debt

The Government Debt Management Agency (ÁKK) sold HUF 25.0 billion of discount three-month T-bills at auction on Tuesday, in line with its original offer.

Primary dealers bid for HUF 56.3 bln of the papers maturing on June 12, state news wire MTI reported.

The average yield was 0.01%, 11 basis points under the secondary market benchmark, calculated on a bill expiring six weeks later, and 1 bp lower than the yield at the previous auction of the bills one week earlier.

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