ÁKK sells announced HUF 20 bln of 12-month bills, yield drops

Debt

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Hungary’s Government Debt Management Agency (ÁKK) sold HUF 20 bln of discount twelve-month T-bills at auction today, in line with the original offer, Hungarian news agency MTI reported today.

Demand and yields fell. Primary dealers bid for HUF 82.9 bln of the bills expiring on October 25, 2017. 

The average yield was 0.38%, 7 bps under the secondary market benchmark, calculated on the same bill series, and 9 bps down from the yield at the previous auction of the bills two weeks earlier.

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