Primary dealers bid for HUF 86.1 bln of the papers.

Sales rose from the previous auction on September 9 when ÁKK sold the announced HUF 50 bln papers after receiving bids for HUF 62.0 bln.

This was the first three-month bill auction since the heavily oversubscribed August 26 one that ÁKK raised its original offer.

Average yield was 1.38%, the same as the secondary market benchmark, calculated on a bill expiring four weeks later, and unchanged from the yield at the previous auction of the bills one week earlier. Yields ranged between 1.34% and 1.40%.

The average auction yield remained unchanged three weeks earlier before continuing its almost uninterrupted drop seen since the middle of February.