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ÁKK raises offer at twelve-month T-bill auction

Debt

The Government Debt Management Agency (ÁKK) raised its offer for discount twelve-month T-bills on strong demand at an auction on Thursday.

ÁKK sold HUF 70 bln of the bills, raising its original offer by HUF 10 bln after primary dealers submitted bids for HUF 125.5 bln. Average yield was 2.37%, 6bp over the secondary market benchmark but 5bp under the yield at the previous auction of the papers two weeks earlier. Yields ranged between 2.30% and 2.39%.

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