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

Debt

The Government Debt Management Agency (ÁKK) sold HUF 40 bln of discount three-month T-bills at auction yesterday, in line with the original offer, Hungarian news agency MTI said.

Primary dealers submitted bids of HUF 92.4 bln. Average yield was 1.32%, 1bp over the secondary market benchmark, and 7 bp under the yield at the previous auction of the bills one week earlier.

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