ÁKK sells HUF 15 bln of three-month bills at -0.06% yield
The Government Debt Management Agency (ÁKK) sold HUF 15 billion of discount three-month T-bills at auction on Tuesday, in line with the original offer. The yield dropped to minus 0.06%, a new low, according to state news wire MTI.
Primary dealers bid for HUF 50 bln of the papers expiring on January 3, 2018. The ÁKK auctioned three-month T-bills expiring next year for the first time.
The average yield was negative 0.06%, 1 bp under the secondary market benchmark, calculated on a bill expiring on February 28, 2018, and also 1 bp lower than the average yield at the previous auction of the securities one week earlier.
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