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ÁKK Sells HUF 6.5 bln of 3-month T-bills at Auction, Under Plan

Figures

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The Government Debt Management Agency (ÁKK) sold HUF 6.5 bln of discount three-month T-bills at auction on Tuesday, well under the HUF 15 billion plan, according to a report by state news wire MTI.

Primary dealers bid for just HUF 6.9 bln of the securities, hours ahead of an announcement by rate-setters after a monthly policy meeting.

The average yield was 7.49%, 66 bp over the secondary market benchmark yield but 2 bp under the yield at the previous auction of the bills one week earlier. 

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