ÁKK raises offer at three-month T-bill auction
The Government Debt Management Agency (ÁKK) sold HUF 40 bln of discount three-month T-bills at auction today, raising its original offer by HUF 5 bln on strong demand, Hungarian news agency MTI reported.
Primary dealers bid for HUF 86.4 bln of the securities. Average yield was 0.95%, 7 bp over the secondary market benchmark, but 1 bp under the yield at the previous auction of the papers one week earlier.
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