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ÁKK sells HUF 40 bln of 3-month bills at negative yield

The Government Debt Management Agency (ÁKK) sold HUF 40 bln of discount three-month Treasury bills at auction on Tuesday, in line with the original offer, state news wire MTI reported.  

Primary dealers bid for HUF 132.78 bln of the securities.

The average yield was minus 0.01%, level with the secondary market benchmark, but 3 basis points lower than the yield at the previous auction of the bills one week earlier.