Primary dealers bid for HUF 97.97 bln of the papers, state news wire MTI reported. The average yield was 0.13%, 3 basis points under the three-month secondary market benchmark, as well as the yield at the previous auction of the bills one week earlier.
The liquidity discount T-bills are designed to manage the central governmentʼs short-term liquidity needs, and, accordingly, are auctioned on a case-by-case basis.
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