ÁKK sells HUF 50 bln of three-month bills
The Government Debt Management Agency (ÁKK) sold HUF 50 bln of discount three-month T-bills at auction on Tuesday, in line with the original offer. Yields rose. Primary dealers bid for HUF 89.9 bln of the securities which expire on July 8.
Sales were unchanged while demand dropped from HUF 105.4 bln at the previous auction one week earlier.
Average yield was 1.61%, 12 bp over the secondary market benchmark, which matures two weeks later, and 3 bp over the yield at the previous auction of the bills one week earlier. Yields ranged between 1.58% and 1.62%.
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