ÁKK sells planned HUF 15 bln of three-month T-bills

Debt

The Government Debt Management Agency (ÁKK) sold HUF 15 billion of discount three-month T-bills at auction on Tuesday, in line with the original offer. The yield stayed at 0%, state news wire MTI reported.

Primary dealers bid for HUF 28.0 bln of the papers expiring on December 6. The average yield remained at 0.00%, at the record low reached a week earlier. The minimum and the maximum yield was also 0.00%. Similarly to last week, the average yield was 5 bps under the yield on the secondary market benchmark.

The minimum yield on the three-month T-bill fell as low as -0.01% at two auctions this year, in March and August, MTI noted.

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