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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 on Tuesday, in line with the announced offer, Hungarian news agency MTI reported. Primary dealers bid for HUF 83 bln of the securities.

Average yield was 1.63%, 4 bp over the secondary market benchmark and 1 bp higher than the yield at the previous auction of the papers one week earlier. Yields ranged between 1.56% and 1.65%.

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