ÁKK sells HUF 50 bln of three-month bills at auction, as planned
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 said today. Primary dealers submitted bids of HUF 120.6 bln.
Average yield was 1.54%, 5 bp over the secondary market benchmark, but 6bp under the yield at the previous auction of the bills one week earlier. Yields ranged between 1.50% and 1.56%.
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