ÁKK raises offer at three-month T-bill auction

Debt

The Government Debt Management Agency (ÁKK) raised its offer on strong demand at an auction of discount three-month T-bills on Tuesday.

ÁKK sold HUF 50 bln of the bills, raising its original offer by HUF 10 bln after primary dealers submitted bids for HUF 222.2 bln.

Average yield was 1.95%, 9bp under the secondary market benchmark and 16bp lower than the yield at the previous auction of the bills one week earlier. Yields ranged between 1.91% and 1.97%.

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