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

Debt

Hungary’s Government Debt Management Agency (ÁKK) sold HUF 40 bln of discount three-month T-bills at auction today, in line with the original offer, Hungarian news agency MTI reported.

Primary dealers bid for HUF 85 bln of the papers. 

Average yield was 0.60%, 8 bps under the secondary market benchmark, which matures two months later and 20 bps lower than the yield at the previous auction of the bills one week earlier.

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