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Demand strong, yields fall at twelve-month T-bill auction

Debt

Demand was strong and yields fell at an auction of twelve-month discount T-bills by the government debt management agency AKK 

Government debt management agency AKK sold HUF 50 billion of the bills, the announced amounts. Primary dealers bid for HUF 187.9 billion.

The only yield at the auction was 5.69%, 23 basis points under the secondary market benchmark, which matures about two months before the bill, and 35 basis points lower than the yield at the previous auction of the bills two weeks earlier.

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