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ÁKK raises offer on strong demand at three-month T-bill auction

The government debt management agency ÁKK raised its offer on strong demand at an auction of discount three-month T-bills on Tuesday.

ÁKK sold HUF 60 billion of the bills, raising its original offer by HUF 10 billion after primary dealers submitted bids for HUF 137.7 billion.

Average yield was 5.28%, 17 basis points under the yield of the secondary market benchmark, which matures three weeks later than the bill offered, and 5 basis points lower than the yield at the previous auction of the bills one week earlier. Yields ranged between 5.22% and 5.30%. (MTI – Econews)