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ÁKK T-bill sale falls short of plan

The Government Debt Management Agency (ÁKK) sold HUF 18.5 billion of discount three-month T-bills at auction on Tuesday, cutting its original offer by HUF 1.5 bln, state news wire MTI reported.

Primary dealers bid for HUF 38.9 bln of the securities.

The average yield was 0.03%, 1 basis point over the secondary market benchmark and 3 bps higher than the yield at the previous auction of the bills one week earlier.