The Government Debt Management Agency (AKK) sold the announced amount of twelve-month T-bills, but raised its offer for five-year floating rate bonds at an auction on Thursday. AKK sold HUF 50 billion of the bills. Primary dealers bid for HUF 121.4 billion.
Average yield at the auction was 5.96%, 8 base points over the secondary market benchmark but 1 base point under the yield at the previous auction of the bills two weeks earlier. Yields ranged between 5.92% and 5.98%.
AKK sold HUF 7.5 billion of the 2015/B bonds, raising its original offer by HUF 2.5 billion after dealers bid for HUF 24.7 billion.