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, Hungarian news agency MTI reported today. Primary dealers submitted bids of HUF 118.1 bln.

Average yield was 1.60%, 10 bp over the secondary market benchmark, but 1 bp under the yield at the previous auction of the bills one week earlier. Yields ranged between 1.57% and 1.61%.

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