ÁKK sells HUF 11 bln of 3-month T-bills at auction, under plan

Debt

The Government Debt Management Agency (ÁKK) sold HUF 11 billion of discount three-month T-bills at auction on Tuesday, HUF 4 bln under the original offer, according to a report by state news wire MTI.

ÁKK cut the offer after primary dealers bid for just HUF 13.3 bln of the securities.

The average yield was 0.35%, 7 bp over the secondary market benchmark and 2 bp higher than the yield a the previous auction of the bills one week earlier.

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