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ÁKK sells planned HUF 20 bln of 3-month bills, yield falls

Debt

Hungary’s Government Debt Management Agency (ÁKK) sold HUF 20 billion of discount three-month T-bills at an auction today, in line with the original offer, Hungarian news agency MTI reported.

Demand was high and the average yield fell sharply, reaching a new all-time low at 0.12%. Primary dealers bid for HUF 63.9 bln of the securities expiring on March 22, 2017. 

The average yield was 0.12%, 8 bps under both the secondary market benchmark, calculated on a bill series expiring one week earlier, and the average yield at the previous auction of the bills on December 6.

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