ÁKK raises three-month T-bill offer by 50% at auction
The Government Debt Management Agency (ÁKK) raised its offer for discount three-month T-bills by 50% on strong demand at an auction today. ÁKK sold HUF 90 bln of the bills, raising its original offer by HUF 30 bln after primary dealers bid for HUF 202.5 bln of the papers.
Average yield was 1.84%, 22 bp over the secondary market benchmark, which matures one month later, but level with the yield at the previous auction of the bills one week earlier. Yields ranged between 1.70% and 1.87%.
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