ÁKK raises offer at 3-month T-bill auction

Debt

The Government Debt Management Agency (ÁKK) sold HUF 30 billion of discount three-month-T-bills at auction on Tuesday, raising its original offer by HUF 10 bln on strong demand, according to a report by state news wire MTI.

Primary dealers bid for HUF 54.2 bln of the bills.

The average yield was 3.44%, 51 bp over the secondary market benchmark and 40 bp higher than the yield at the previous auction of the bills one week earlier.

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