ÁKK raises offer for floater; T-bill yields steady

Debt

The Government Debt Management Agency (ÁKK) sold HUF 45 bln of securities at auction on Thursday, HUF 5 bln more than planned.

ÁKK raised the offer for a floating rate bond from HUF 10 bln to HUF 15 bln after primary dealers bid for HUF 45.4 bln of the papers.

It sold HUF 30 bln of discount three-month T-bills, as planned. Bids for the papers came to HUF 58.8 bln.

Average yield was 1.70%, level with the secondary market benchmark and 12 bp lower than the yield at the previous auction of the bills two weeks earlier. Yields ranged between 1.62% and 1.74%.

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