The Government Debt Management Agency (AKK) cut its offer of discount twelve-month T-bills but sold the announced amount of floating-rate bonds at an auction on Thursday.
AKK sold HUF 30bn of the twelve-month T-bills, cutting its original offer by HUF 10bn. Primary dealers submitted bids for HUF 77.4bn.
Average yield at the auction was 7.29%, 4bp under the secondary market benchmark but 22bp over the yield at the previous auction of the bills two weeks earlier. Yields ranged between 7.22% and 7.35%.
AKK sold HUF 5.0bn of the floaters, the announced amount. Offers came to HUF 16.7bn.