ÁKK sells HUF 25 bln of three-month bills, as planned

Debt

Hungaryʼs Government Debt Management Agency (ÁKK) sold HUF 25 bln of discount three-month T-bills at auction today, in line with the original offer, while yields dropped, Hungarian news agency MTI reported.

Primary dealers bid for HUF 48 bln of the papers expiring on January 18, 2017.

The average yield was 0.45%, 10 bps under the secondary market benchmark, calculated on a bill maturing on March 16, 2017, and 1 bps under the yield at the previous auction of the bills one week earlier.

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