ÁKK cuts offer at 3-month T-bill auction
The Government Debt Management Agency (ÁKK) sold HUF 21 billion of discount three-month T-bills at auction on Tuesday, cutting its original offer by HUF 9 bln, according to a report by state news wire MTI.
Primary dealers bid for just HUF 35 bln of the securities.
The average yield was 6.09%, 28 bp over the secondary market benchmark and 4 bp higher than the yield at the previous auction of the bills one week earlier.
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