ÁKK sells HUF 40 bln of three-month bills, as planned

Debt

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Hungaryʼs Government Debt Management Agency (ÁKK) sold HUF 40 billion of discount three-month T-bills at an auction today, in line with the original offer, Hungarian news agency MTI reported.

Demand remained relatively unchanged and yields dropped slightly from the previous auction a week earlier. 

Primary dealers bid for HUF 77.8 bln of the papers expiring on September 28.

Average yield was 0.85%, 1 bps under the secondary market benchmark, calculated on the same bill series, and 2 bps under the yield at the previous auction of the bills on June 14.

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