ÁKK sells HUF 20 bln of three-month T-bills, as planned

Debt

The Government Debt Management Agency (ÁKK) sold HUF 20 bln of discount three-month T-bills at auction on Tuesday, in line with the original offer. Primary dealers submitted bids for HUF 71.0 bln of the papers.

Average yield was 1.47%, 13bp under the secondary market benchmark, a paper that matures about two weeks later, and 11bp lower than the yield a the previous auction of the securities one week earlier. Yields ranged between 1.45% and 1.50%.

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