Yields fall but ÁKK sticks to offer at three-month T-bill auction

Debt

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

Primary dealers bid for HUF 45.4 bln of the papers. 

The average yield was 0.39%, 15 bps under the secondary market benchmark and 6 bps lower than the yield at the previous auction of the bills one week earlier.

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