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Yields steady at three-month T-bill auction

Yields were steady at an auction of three-month discount 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 bids for HUF 116.8 billion.

Average yield was 5.83%, 2bp under the yield on the secondary market benchmark, which matures more than one month after the auctioned bill, and 2bp over the yield at the previous auction of the bills one week earlier. Yields ranged between 5.80% and 5.85%.