Demand strong, yields down at three-month T-bill auction
Demand was strong and yields fell at an auction of discount three-month T-bills by the Government Debt Management Agency (AKK) on Tuesday.
AKK sold HUF 45bn of the bills, the announced amount. Primary dealers offered to buy HUF 123.4bn.
Average yield was 7.98%, 21bp under the secondary market benchmark but 31bp over the yield at the previous auction of the bills one week earlier. Yields ranged between 7.68% and 8.05%.
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