Primary dealers bid for HUF 54.3 bln of the papers expiring on June 15. The auction was the third one in a row with moderate oversubscription, and the second one where ÁKK cut its sales compared to plans.
Average yield was 1.12%, 8 bps over the secondary market benchmark, calculated on a bil expiring one week earlier, and 6 bps over the yield at the previous auction.
Auction yields rose for the second auction.
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