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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 today, Hungarian news agency MTI reported.

ÁKK sold HUF 50 bln of the bills, HUF 10 bln more than planned. Primary dealers bid for HUF 127.3 bln of the papers.

Average yield was 1.61%, 9bp under the secondary market benchmark and 8bp lower than the yield at the previous auction of the bills one week earlier. Yields ranged between 1.58% and 1.62%.

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