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

Debt

The Government Debt Management Agency (ÁKK) sold HUF 50 bln of discount three-month T-bills at auction today, in line with the original offer. Primary dealers bid for HUF 99.0 bln of the papers which expire on May 27.

Average yield was 1.67%, the same as both the secondary market benchmark and the yield at the previous auction of the securities one week earlier. The average auction yield was unchanged for the third auction. Yields ranged between 1.60% and 1.69%.

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