ÁKK sells HUF 60 bln of three-month bills, as planned

Debt

The Government Debt Management Agency (ÁKK) sold HUF 60 bln of discount three-month T-bills at auction on Tuesday, in line with the original offer. Primary dealers bid for HUF 130.4 bln of the papers.

Average yield was 1.69%, 4bp over the secondary market benchmark, which matures about three weeks later, but 6bp under the yield at the previous auction of the bills one week earlier. Yields ranged between 1.65% and 1.72%.

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