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ÁKK sells Ft 40 bln of three-month T-bills on rising yields

The State Debt Management Center (ÁKK) sold Ft 40 billion of three-month T-bills at auction on Tuesday, the planned amount. Offers for the bills came to Ft 80.85 billion.

Average yield at the auction was 6.25%, 7bp over Friday's secondary market benchmark and 2bp over the yield at the previous auction a week earlier. Yields varied between 6.05% and 6.27%.