ÁKK sells HUF 55 bln of six-week T-bills, more than planned
The Government Debt Management Agency (ÁKK) sold HUF 55 bln discount six-week T-bills at a liquidity auction today, raising its original offer by HUF 15 bln on high demand, Hungarian news agency MTI reported.
Primary dealers bid for HUF 155.78 bln of the papers.
Average yield was 1.18%, 13 bps over the three-month secondary market benchmark.
The liquidity discount T-bills are designed to manage the central governmentʼs short-term liquidity needs, and, accordingly, are auctioned on a case-by-case basis
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