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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 50.0 billion of discount three-month T-bills at auction on Tuesday, in line with its original offer.

Bids for the papers came to HUF 90.7 bln, state news wire MTI reported. The average yield was 0.17%, 4 basis points over the secondary market benchmark and 6 bps higher than the yield at the previous auction of the securities one week earlier.

The ÁKK normally sells such bills on Mondays, but this Monday was the Whitsuntide bank holiday.

Previously, on Friday, the ÁKK sold HUF 50.0 bln of six-week discount "liquidity" T-bills at auction, in line with its original offer. Primary dealers bid for HUF 85.7 bln of the papers, with an average yield of 0.16%, 3 bps over the three-month secondary market benchmark.

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