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ÁKK sells planned HUF 15 bln of three-month bills, yields drop

Debt

The Government Debt Management Agency (ÁKK) sold HUF 15 billion of discount three-month T-bills at auction today, in line with the original offer, Hungarian news agency MTI reported.

Primary dealers bid for HUF 64.9 bln of the securities expiring on February 24, 2016.

The debt manager did not raise the sales although demand more than doubled from the previous auction held one week earlier.

Average yield was 0.80%, down 2 bps both from the secondary market benchmark and the yield at the previous auction of the bills.

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