ÁKK sells HUF 50 bln of three-month bills at auction, as planned

Debt

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. Primary dealers bid for HUF 80.0  bln of the papers.

Average yield was 1.67%, 9 bp under the secondary market benchmark, which matures about two weeks later, and 2 bp lower than the yield at the previous auction of the bills one week earlier. Yields ranged between 1.60% and 1.70%.

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