The ÁKK sold HUF 28.5 bln of 12-month discount T-bills expiring on May 22, 2019, HUF 1.5 bln below its original offer of HUF 30 bln. Bids came to HUF 35.6 bln, and the average yield was 0.56%, 3 basis points over the secondary market benchmark, calculated on the same bill series, and 2 bps higher than the yield at the previous auction of the bills two weeks earlier.
In addition, the ÁKK sold HUF 5 bln of five-year floating-rate bonds, in line with its offer. Dealers bid for HUF 11.3 bln of the papers. The average price came to 97.35%, down from 97.30% two weeks earlier.
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