ÁKK sells planned HUF 40 bln three-month bills, yields slightly up

Debt

Hungary’s Government Debt Management Centre (ÁKK) sold HUF 40 bln of discount three-month T-bills at auction today, in line with the original offer, Hungarian news agency MTI reported. Yields rose slightly.

Primary dealers bid for HUF 65 bln of the papers which expire on September 14. Demand halved from an unusually high HUF 131.9 bln one week earlier. 

Average yield was 0.90%, 3 bps over the secondary market benchmark, calculated on a bill expiring two weeks later, and 1bp over the yield at the previous auction of the bills one week earlier.

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