ÁKK sells HUF 40 bln of three-month T-bills, as planned
The Government Debt Management Agency (ÁKK) sold HUF 40.0 billion of discount three-month T-bills at auction on Tuesday, in line with the original offer. Yields dropped, reported state news wire MTI.
Primary dealers bid for HUF 92.5 bln of the papers expiring on July 11.
The average yield was 0.03%, 3 basis points over the secondary market benchmark, calculated for bills expiring one week later, and 1 bp lower than the yield at the previous auction of the bills one week earlier.
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