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ÁKK raises offer on strong demand at three-month T-bill auction

Debt

The state debt management agency ÁKK raised its original offer for discount three-month T-bills on strong demand at an auction on Tuesday. ÁKK sold HUF 65 billion of the bills, HUF 15 billion more than planned. Primary dealers offered to buy HUF 153.1 billion of the bills. Average yield was 5.17%, 1bp under the secondary market benchmark and 11bp lower than the yield at the previous auction of the bills one week earlier. Yields ranged between 5.10% and 5.19%.

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