ÁKK sells planned volume of three-month T-bills at auction

Debt

Hungary’s Government Debt Management Agency (ÁKK) sold the planned HUF 30 billion of three-month discount T-bills at auction today, Hungarian news agency MTI reported. 

Yields dropped further from the previous auction held one week earlier, but still remained well over the secondary market. Primary dealers bid for HUF 71.9 bln of the securities, which expire on April 26.

Average yield was 0.10%, 4 basis points over the secondary market benchmark, calculated on a bill expiring four weeks later, while down 4 bp from the yield at the January 10 auction.

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