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Yields fall at twelve-month T-bill auction

Yields fell at an auction of twelve-month discount T-bills by the Government Debt Management Agency (AKK) on Thursday.

AKK sold HUF 45bn of the bills, the announced amount. Offers by primary dealers came to HUF 71.3bn.

Average yield was 8.19%, 11bp under the secondary market benchmark and 177bp lower than the yield at the previous auction two weeks earlier. Yields ranged between 8.00% and 8.30%.