ÁKK sells HUF 60 bln of three-month bills, more than planned
Hungaryʼs Government Debt Management Agency (ÁKK) sold HUF 40 bln of discount three-month T-bills at auction on today, raising its original offer by HUF 20 bln, Hungarian news agency MTI reported. Demand jumped and yields dropped slightly further.
Primary dealers bid for HUF 117.3 bln of the papers expiring on October 5.
Average yield was 0.83%, 2 bps under the secondary market benchmark, calculated on bills expiring one week earlier, and 2 bps under the yield at the previous auction of the bills on June 21.
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