ÁKK sells announced amount of three-month T-bills on double oversubscription
The state debt management agency ÁKK sold HUF 50 billion of three-month discount T-bills at auction on Tuesday, in line with the announced amount in spite of double oversubscription. Primary dealers bid to buy HUF 99.6 billion of the bills. Average yield was 4.34%, 11bp under the secondary market benchmark and 10bp lower than the yield at the previous auction of the bills one week earlier. Yields ranged between 4.27% and 4.40%.
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