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ÁKK sells 12-month T-bills as planned

The Government Debt Management Agency (ÁKK) sold HUF 15.0 billion of discount 12-month T-bills at auction on Thursday, in line with the original offer.

Primary dealers bid for HUF 42.4 bln of the securities, state news wire MTI reported.

The average yield was 0.02%, level with the yield on the secondary market benchmark, which matures almost two months earlier, and 1 basis point under the yield at the previous auction of the bills two weeks earlier.