ÁKK sells HUF 15 bln of three-month T-bills, as planned
The Government Debt Management Agency (ÁKK) sold HUF 15 billion of discount three-month T-bills at auction on Tuesday, in line with the original offer, state news wire MTI reported.
The average yield was 0.00%, a record low average for any Hungarian government security. The minimum yield on the three-month bills was also 0.00%.
The average yield was 5 bps under the yield on the secondary market benchmark which matures on December 20, almost one month later than the auctioned security.
Primary dealers bid for HUF 26.0 bln of the papers.
The minimum yield on the three-month T-bills fell as low as -0.01% at two auctions this year, in March and August.
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