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AKK sells announced amount at three-month T-bill auction

Yields edged up but demand was healthy at an auction of three-month discount T-bills by the Government Debt Management Agency (AKK) on Tuesday.

AKK sold HUF 50 billion of the bills, the announced amount. Primary dealers submitted bids for HUF 91.7 billion.

Average yield was 7.25%, 13bp over the secondary market benchmark and 3b higher than the yield at the previous auction of the bills one week earlier. Yields ranged between 7.21% and 7.29%.