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AKK sells HUF 40bn of three-month T-bills

Hungary's Government Debt Management Agency (AKK) sold HUF 40 billion of three-month discount T-bills at an auction on Tuesday.

Primary dealers bid for HUF 131.2 billion of the bills. The amount sold was the same as AKK's original offer.

Average yield at the auction was 5.24%, the same as the yield at the previous three-month T-bill auction a week earlier but 11bp under the secondary market benchmark. The benchmark bill matures on April 6, 2011, while the T-bill offered at auction on Tuesday matures on February 16, 2011.

Yields ranged between 5.21% and 5.26%. (MTI Econews)