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Yields inch down at three-month T-bill auction

Yields edged down at an auction of discount three-month T-bills by the Government Debt Management Agency (ÁKK) on Tuesday.

The ÁKK sold HUF 50 billion of the bills, the announced amount. Primary dealers submitted offers for HUF 102 billion.

Average yield was 5.81%, 4bp under the secondary market benchmark and 1bp lower than the yield at the previous auction of the bills one week earlier. Yields ranged between 5.77% and 5.86%.