ÁKK sells HUF 30 bln of three-month bills, as planned
The Government Debt Management Agency (ÁKK) sold HUF 30 bln of discount three-month Treasury bills at an auction on Tuesday, in line with the original offer. Primary dealers bid for HUF 77.7 bln of the papers which expire on March 11, 2015.
Demand was down from HUF 97.5 bln at the previous auction where ÁKK also sold the announced HUF 30 bln of the bills.
Average yield was 1.58%, 3bp under the secondary market benchmark, calculated on a paper expiring on April 1 next year, and down 4bp from the yield at the previous auction of the securities one week earlier. Yields ranged between 1.55% and 1.60%.
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